StockNews.com Begins Coverage on Xcel Brands (NASDAQ:XELB)

StockNews.com assumed coverage on shares of Xcel Brands (NASDAQ:XELB) in a report published on Monday morning. The brokerage issued a sell rating on the textile maker’s stock.

Xcel Brands Price Performance

XELB opened at $0.78 on Monday. The firm has a market capitalization of $18.44 million, a PE ratio of -0.87 and a beta of 1.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.79 and a quick ratio of 0.72. The business’s 50-day moving average is $0.72 and its two-hundred day moving average is $0.71. Xcel Brands has a 1 year low of $0.58 and a 1 year high of $1.70.

Xcel Brands (NASDAQ:XELB) last posted its earnings results on Wednesday, August 14th. The textile maker reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.08. The company had revenue of $2.95 million during the quarter, compared to analysts’ expectations of $2.98 million. Xcel Brands had a negative net margin of 179.30% and a negative return on equity of 20.74%. During the same quarter in the prior year, the company posted ($0.09) earnings per share. Research analysts anticipate that Xcel Brands will post -0.26 earnings per share for the current fiscal year.

Institutional Trading of Xcel Brands

A number of institutional investors have recently bought and sold shares of the stock. AWM Investment Company Inc. purchased a new position in shares of Xcel Brands in the first quarter worth about $600,000. Perritt Capital Management Inc. raised its position in Xcel Brands by 31.6% during the 1st quarter. Perritt Capital Management Inc. now owns 606,858 shares of the textile maker’s stock worth $473,000 after buying an additional 145,833 shares during the last quarter. Finally, Levin Capital Strategies L.P. acquired a new stake in Xcel Brands during the 1st quarter valued at approximately $86,000. 18.55% of the stock is currently owned by institutional investors and hedge funds.

Xcel Brands Company Profile

Xcel Brands, Inc, together with its subsidiaries, operates as a media and consumer products company in the United States. The company designs, produces, markets, wholesales, and sells branded apparel, footwear, accessories, jewelry, home goods, and other consumer products; and acquires consumer lifestyle brands, including the Isaac Mizrahi, the LOGO by Lori Goldstein, the Judith Ripka, the Halston brand, the C Wonder, the TowerHill by Christie Brinkley brand (the CB brand), and other brands, as well as manages the Longaberger brand.