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

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

Xcel Brands Price Performance

NASDAQ XELB opened at $0.67 on Thursday. The stock has a 50-day simple moving average of $0.68 and a 200 day simple moving average of $0.87. Xcel Brands has a twelve month low of $0.58 and a twelve month high of $2.10. The stock has a market capitalization of $15.74 million, a PE ratio of -0.61 and a beta of 1.42. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 0.98.

Xcel Brands (NASDAQ:XELB) last posted its quarterly earnings results on Monday, May 20th. The textile maker reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.07. Xcel Brands had a negative return on equity of 21.92% and a negative net margin of 156.27%. The firm had revenue of $2.18 million during the quarter, compared to analysts’ expectations of $2.20 million. Research analysts anticipate that Xcel Brands will post -0.25 EPS for the current year.

Institutional Investors Weigh In On Xcel Brands

Hedge funds have recently added to or reduced their stakes in the stock. AWM Investment Company Inc. acquired a new position in Xcel Brands during the 1st quarter worth $600,000. Summit Trail Advisors LLC increased its stake in shares of Xcel Brands by 32.5% in the 1st quarter. Summit Trail Advisors LLC now owns 2,242,593 shares of the textile maker’s stock valued at $1,749,000 after buying an additional 550,453 shares during the period. Perritt Capital Management Inc. raised its position in shares of Xcel Brands by 31.6% during the first quarter. Perritt Capital Management Inc. now owns 606,858 shares of the textile maker’s stock worth $473,000 after acquiring an additional 145,833 shares during the last quarter. Finally, Levin Capital Strategies L.P. acquired a new position in shares of Xcel Brands during the first quarter valued at $86,000. 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.