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

Stock analysts at StockNews.com assumed coverage on shares of Xcel Brands (NASDAQ:XELB) in a report issued on Sunday. The brokerage set a “sell” rating on the textile maker’s stock.

Separately, Sidoti raised Xcel Brands to a “hold” rating in a report on Friday, January 31st.

Xcel Brands Price Performance

Shares of Xcel Brands stock opened at $2.85 on Friday. The stock’s 50-day simple moving average is $2.70 and its 200-day simple moving average is $4.24. Xcel Brands has a 52 week low of $2.02 and a 52 week high of $8.49. The company has a market capitalization of $6.76 million, a price-to-earnings ratio of -2.77 and a beta of 0.92. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.09.

Institutional Investors Weigh In On Xcel Brands

A hedge fund recently raised its stake in Xcel Brands stock. Summit Trail Advisors LLC boosted its stake in shares of Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,452,593 shares of the textile maker’s stock after acquiring an additional 210,000 shares during the quarter. Summit Trail Advisors LLC owned about 10.37% of Xcel Brands worth $1,248,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.