Xcel Brands (NASDAQ:XELB) Coverage Initiated at StockNews.com

by · The Cerbat Gem

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

Xcel Brands Stock Down 1.8 %

Shares of NASDAQ:XELB opened at $0.73 on Friday. The firm has a market cap of $17.20 million, a P/E ratio of -0.67 and a beta of 1.34. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 0.08. Xcel Brands has a 12 month low of $0.58 and a 12 month high of $1.70. The company’s 50-day moving average price is $0.71 and its two-hundred day moving average price is $0.71.

Xcel Brands (NASDAQ:XELB – Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The textile maker reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.08. The business had revenue of $2.95 million for the quarter, compared to the consensus estimate 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 last year, the company posted ($0.09) EPS. As a group, research analysts forecast that Xcel Brands will post -0.26 EPS for the current fiscal year.

Institutional Trading of Xcel Brands

Several hedge funds have recently bought and sold shares of XELB. AWM Investment Company Inc. acquired a new stake in shares of Xcel Brands in the first quarter valued at approximately $600,000. Perritt Capital Management Inc. grew its stake in shares of 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 buying an additional 145,833 shares in the last quarter. Finally, Levin Capital Strategies L.P. bought a new position in Xcel Brands during the first quarter worth $86,000. 18.55% of the stock is currently owned by institutional investors and hedge funds.

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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