Xcel Brands (NASDAQ:XELB) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Xcel Brands (NASDAQ:XELB) in a research note released on Friday. The brokerage issued a sell rating on the textile maker’s stock.

Separately, Sidoti raised Xcel Brands to a “hold” rating in a report on Friday, January 31st.

Xcel Brands Stock Up 1.5 %

NASDAQ:XELB opened at $0.29 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.52 and a quick ratio of 0.52. The company’s fifty day moving average price is $0.41 and its 200-day moving average price is $0.60. Xcel Brands has a 1-year low of $0.27 and a 1-year high of $1.03. The firm has a market capitalization of $6.76 million, a P/E ratio of -0.28 and a beta of 1.38.

Xcel Brands (NASDAQ:XELB) last announced its quarterly earnings results on Friday, December 20th. The textile maker reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.06. Xcel Brands had a negative net margin of 236.80% and a negative return on equity of 19.20%. As a group, equities research analysts anticipate that Xcel Brands will post -0.23 EPS for the current year.

Hedge Funds Weigh In On Xcel Brands

An institutional investor recently raised its position in Xcel Brands stock. Summit Trail Advisors LLC lifted its stake in Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,452,593 shares of the textile maker’s stock after purchasing an additional 210,000 shares during the period. Summit Trail Advisors LLC owned about 10.37% of Xcel Brands worth $1,248,000 at the end of the most recent quarter. Institutional investors and hedge funds own 18.55% of the company’s stock.

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.