StockNews.com initiated coverage on shares of Xcel Brands (NASDAQ:XELB – Free Report) in a research report sent to investors on Wednesday. The brokerage issued a sell rating on the textile maker’s stock.
Xcel Brands Stock Performance
Xcel Brands stock opened at $0.72 on Wednesday. The firm has a 50 day moving average of $0.69 and a 200 day moving average of $0.74. The firm has a market capitalization of $16.90 million, a price-to-earnings ratio of -0.66 and a beta of 1.35. Xcel Brands has a 12-month low of $0.58 and a 12-month high of $1.70. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 0.08.
Xcel Brands (NASDAQ:XELB – Get 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 during the quarter, compared to analyst estimates of $2.98 million. Xcel Brands had a negative net margin of 179.30% and a negative return on equity of 20.74%. During the same period in the prior year, the firm posted ($0.09) EPS. As a group, research analysts predict that Xcel Brands will post -0.26 earnings per share for the current year.
Institutional Investors Weigh In On Xcel Brands
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.
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