StockNews.com initiated coverage on shares of Xcel Brands (NASDAQ:XELB – Free Report) in a report released on Friday morning. The brokerage issued a sell rating on the textile maker’s stock.
Xcel Brands Stock Performance
Shares of Xcel Brands stock opened at $0.70 on Friday. The firm has a fifty day moving average of $0.67 and a two-hundred day moving average of $0.86. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. Xcel Brands has a 52 week low of $0.58 and a 52 week high of $2.10.
Xcel Brands (NASDAQ:XELB – Get Free Report) last released its quarterly earnings data on Monday, May 20th. The textile maker reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.18 million during the quarter, compared to the consensus estimate of $2.20 million. As a group, equities research analysts forecast that Xcel Brands will post -0.25 earnings per share for the current year.
Institutional Inflows and Outflows
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.
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