Xcel Brands (NASDAQ:XELB) Shares Down 1% – Time to Sell?

Xcel Brands, Inc (NASDAQ:XELB) fell 1% during trading on Monday . The company traded as low as $0.8506 and last traded at $0.8511. 2,035 shares traded hands during trading, a decline of 97% from the average daily volume of 74,947 shares. The stock had previously closed at $0.8598.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Xcel Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, September 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Xcel Brands currently has a consensus rating of “Hold” and an average target price of $3.00.

Xcel Brands Trading Down 1.0%

The company’s 50 day simple moving average is $1.04 and its two-hundred day simple moving average is $1.56. The company has a market capitalization of $5.58 million, a price-to-earnings ratio of -0.25 and a beta of 1.25. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.87.

Xcel Brands (NASDAQ:XELB) last issued its quarterly earnings results on Thursday, August 13th. The textile maker reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.02). The business had revenue of $1.12 million during the quarter, compared to analyst estimates of $1.80 million. Xcel Brands had a negative return on equity of 109.17% and a negative net margin of 343.68%. As a group, research analysts anticipate that Xcel Brands, Inc will post -1.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Xcel Brands stock. Potomac Capital Management Inc. acquired a new stake in Xcel Brands, Inc (NASDAQ:XELB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 408,400 shares of the textile maker’s stock, valued at approximately $441,000. Potomac Capital Management Inc. owned 6.93% of Xcel Brands as of its most recent SEC filing. 18.55% of the stock is owned by hedge funds and other institutional investors.

About Xcel Brands

Xcel Brands, Inc is a brand-management and media company that develops, acquires, markets and licenses consumer brands. The company focuses on lifestyle categories including fashion, accessories, jewelry, home goods and beauty products, using a combination of licensing, direct-to-consumer commerce, retail distribution and media-driven marketing.

Xcel’s portfolio has included brands associated with designers and personalities such as Isaac Mizrahi and Judith Ripka. The company works with retail and manufacturing partners to design, produce and distribute branded merchandise, while also supporting product launches through television, digital content, social media and livestream shopping.