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

Investment analysts at StockNews.com assumed coverage on shares of Xcel Brands (NASDAQ:XELB) in a note issued to investors on Sunday. The brokerage set a “sell” rating on the textile maker’s stock.

Xcel Brands Price Performance

Shares of NASDAQ:XELB opened at $0.70 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.26 and a debt-to-equity ratio of 0.10. Xcel Brands has a 52-week low of $0.51 and a 52-week high of $2.10. The stock’s fifty day simple moving average is $0.88 and its 200-day simple moving average is $1.05. The company has a market capitalization of $13.88 million, a P/E ratio of -0.65 and a beta of 1.43.

Insider Buying and Selling

In other Xcel Brands news, Director Mark Disanto bought 146,250 shares of Xcel Brands stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average cost of $0.65 per share, for a total transaction of $95,062.50. Following the completion of the transaction, the director now owns 1,174,263 shares of the company’s stock, valued at approximately $763,270.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 52.41% of the stock is currently owned by company insiders.

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, and other brands, as well as manages the Longaberger brand.