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

StockNews.com started coverage on shares of Xcel Brands (NASDAQ:XELB) in a research note issued to investors on Sunday morning. The brokerage issued a sell rating on the textile maker’s stock.

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

Xcel Brands Stock Performance

Shares of XELB stock opened at $4.35 on Friday. The company has a market capitalization of $103.22 million, a price-to-earnings ratio of -4.22 and a beta of 1.38. Xcel Brands has a 1-year low of $2.50 and a 1-year high of $9.97. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.09. The stock’s fifty day simple moving average is $0.44 and its 200-day simple moving average is $0.59.

Institutional Investors Weigh In On Xcel Brands

A hedge fund recently raised its stake in Xcel Brands stock. Summit Trail Advisors LLC lifted its stake in Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,452,593 shares of the textile maker’s stock after acquiring an additional 210,000 shares during the quarter. Summit Trail Advisors LLC owned approximately 10.37% of Xcel Brands worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission. 18.55% of the stock is currently owned by institutional investors.

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.