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 report sent to investors on Wednesday morning. The firm issued a sell rating on the textile maker’s stock.

Xcel Brands Price Performance

XELB opened at $0.72 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.72 and a current ratio of 0.79. The stock has a market capitalization of $16.90 million, a P/E ratio of -0.66 and a beta of 1.35. The company’s 50-day simple moving average is $0.69 and its two-hundred day simple moving average is $0.74. Xcel Brands has a 52-week low of $0.58 and a 52-week high of $1.70.

Xcel Brands (NASDAQ:XELB) last released its quarterly earnings results on Wednesday, August 14th. The textile maker reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.08. Xcel Brands had a negative net margin of 179.30% and a negative return on equity of 20.74%. The firm had revenue of $2.95 million during the quarter, compared to analyst estimates of $2.98 million. During the same quarter in the prior year, the firm earned ($0.09) EPS. As a group, analysts predict that Xcel Brands will post -0.26 EPS for the current year.

Institutional Investors Weigh In On Xcel Brands

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Levin Capital Strategies L.P. purchased a new stake in shares of Xcel Brands during the 1st quarter valued at about $86,000. Perritt Capital Management Inc. increased its position in shares of Xcel Brands by 31.6% during the 1st quarter. Perritt Capital Management Inc. now owns 606,858 shares of the textile maker’s stock valued at $473,000 after purchasing an additional 145,833 shares during the last quarter. Finally, AWM Investment Company Inc. purchased a new stake in shares of Xcel Brands during the 1st quarter valued at about $600,000. Hedge funds and other institutional investors own 18.55% of the company’s stock.

About Xcel Brands

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.