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

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

Xcel Brands Stock Performance

Shares of XELB stock opened at $0.75 on Monday. Xcel Brands has a 52 week low of $0.51 and a 52 week high of $2.10. The company has a 50-day simple moving average of $0.85 and a 200 day simple moving average of $1.05. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 0.20.

Xcel Brands (NASDAQ:XELB) last issued its quarterly earnings data on Tuesday, April 16th. The textile maker reported ($0.24) earnings per share (EPS) for the quarter. The firm had revenue of $2.29 million for the quarter. Xcel Brands had a negative return on equity of 23.10% and a negative net margin of 118.57%. As a group, equities analysts forecast that Xcel Brands will post -0.3 earnings per share for the current fiscal year.

Insider Transactions at Xcel Brands

In other Xcel Brands news, Director Mark Disanto purchased 146,250 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average cost of $0.65 per share, for a total transaction of $95,062.50. Following the completion of the purchase, the director now owns 1,174,263 shares of the company’s stock, valued at approximately $763,270.95. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 52.41% of the company’s stock.

Institutional Investors Weigh In On Xcel Brands

A hedge fund recently raised its stake in Xcel Brands stock. Summit Trail Advisors LLC grew its stake in shares of Xcel Brands, Inc. (NASDAQ:XELB) by 32.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 2,242,593 shares of the textile maker’s stock after acquiring an additional 550,453 shares during the quarter. Summit Trail Advisors LLC owned about 11.28% of Xcel Brands worth $1,749,000 as of its most recent SEC filing. Institutional investors own 18.55% of the company’s stock.

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.