Xcel Brands (NASDAQ:XELB) Earns Sell Rating from Analysts at StockNews.com

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

Xcel Brands Stock Performance

Shares of XELB stock opened at $0.71 on Friday. The company has a market cap of $16.63 million, a P/E ratio of -0.78 and a beta of 1.34. The firm has a 50-day moving average of $0.76 and a 200-day moving average of $0.71. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.79 and a quick ratio of 0.72. Xcel Brands has a one year low of $0.58 and a one year high of $1.70.

Hedge Funds Weigh In On Xcel Brands

Several institutional investors have recently added to or reduced their stakes in XELB. AWM Investment Company Inc. bought a new position in shares of Xcel Brands in the first quarter valued at approximately $600,000. Perritt Capital Management Inc. raised its stake in Xcel Brands by 31.6% in the first 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 in the last quarter. Finally, Levin Capital Strategies L.P. purchased a new stake in Xcel Brands in the first quarter valued at approximately $86,000. 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.