Xcel Brands (NASDAQ:XELB) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Xcel Brands (NASDAQ:XELB) in a research note published on Wednesday morning. The firm issued a sell rating on the textile maker’s stock.

Xcel Brands Price Performance

Shares of NASDAQ:XELB opened at $0.79 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 0.08. Xcel Brands has a 52-week low of $0.58 and a 52-week high of $1.70. The company has a 50 day moving average of $0.74 and a two-hundred day moving average of $0.71. The company has a market capitalization of $18.63 million, a price-to-earnings ratio of -0.88 and a beta of 1.34.

Xcel Brands (NASDAQ:XELB) last released its quarterly earnings results on Wednesday, August 14th. The textile maker reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.08. Xcel Brands had a negative net margin of 179.30% and a negative return on equity of 20.74%. The business had revenue of $2.95 million during the quarter, compared to the consensus estimate of $2.98 million. During the same quarter last year, the company earned ($0.09) earnings per share. As a group, analysts forecast that Xcel Brands will post -0.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Xcel Brands

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

About Xcel Brands

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.