StockNews.com Begins Coverage on Xcel Brands (NASDAQ:XELB)

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

Xcel Brands Stock Performance

Shares of XELB opened at $0.70 on Friday. Xcel Brands has a 1-year low of $0.58 and a 1-year high of $2.10. The company has a 50-day moving average of $0.67 and a 200 day moving average of $0.84. The firm has a market capitalization of $16.51 million, a price-to-earnings ratio of -0.64 and a beta of 1.42. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.98 and a quick ratio of 0.91.

Xcel Brands (NASDAQ:XELB) last announced its quarterly earnings data on Monday, May 20th. The textile maker reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.07. Xcel Brands had a negative net margin of 156.27% and a negative return on equity of 21.92%. The company had revenue of $2.18 million during the quarter, compared to analyst estimates of $2.20 million. On average, research analysts expect that Xcel Brands will post -0.25 EPS for the current year.

Institutional Investors Weigh In On Xcel Brands

Several large investors have recently modified their holdings of the business. Summit Trail Advisors LLC raised its holdings 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 purchasing an additional 550,453 shares in the last quarter. AWM Investment Company Inc. bought a new stake in shares of Xcel Brands in the 1st quarter valued at about $600,000. Perritt Capital Management Inc. raised its holdings in shares of Xcel Brands by 31.6% in 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 in the last quarter. Finally, Levin Capital Strategies L.P. bought a new stake in shares of Xcel Brands in the 1st quarter valued at about $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.