Xcel Brands (NASDAQ:XELB) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Xcel Brands (NASDAQ:XELBGet Free Report) in a report released on Sunday. The brokerage set a “sell” rating on the textile maker’s stock.

Xcel Brands Stock Performance

NASDAQ XELB opened at $0.75 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is $0.71 and its two-hundred day moving average is $0.71. Xcel Brands has a 12-month low of $0.58 and a 12-month high of $1.70. The stock has a market capitalization of $17.50 million, a price-to-earnings ratio of -0.68 and a beta of 1.34.

Xcel Brands (NASDAQ:XELBGet Free Report) last released its earnings results on Wednesday, August 14th. The textile maker reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.08. The company had revenue of $2.95 million for the quarter, compared to analysts’ expectations of $2.98 million. Xcel Brands had a negative return on equity of 20.74% and a negative net margin of 179.30%. During the same quarter in the previous year, the firm posted ($0.09) EPS. Research analysts expect that Xcel Brands will post -0.26 EPS for the current year.

Institutional Investors Weigh In On Xcel Brands

Several institutional investors have recently modified their holdings of the company. Levin Capital Strategies L.P. purchased a new stake in Xcel Brands in the 1st quarter valued at approximately $86,000. AWM Investment Company Inc. purchased a new position in shares of Xcel Brands during the 1st quarter worth $600,000. Finally, Perritt Capital Management Inc. lifted its stake 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 worth $473,000 after purchasing an additional 145,833 shares during the period. Hedge funds and other institutional investors own 18.55% of the company’s stock.

Xcel Brands Company Profile

(Get Free Report)

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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