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

StockNews.com started coverage on shares of Xcel Brands (NASDAQ:XELB) in a research report sent to investors on Thursday. The brokerage issued a sell rating on the textile maker’s stock.

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

Xcel Brands Price Performance

Shares of NASDAQ:XELB opened at $0.30 on Thursday. The firm has a market capitalization of $7.11 million, a price-to-earnings ratio of -0.29 and a beta of 1.35. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.52 and a quick ratio of 0.52. The business’s 50 day simple moving average is $0.42 and its 200-day simple moving average is $0.61. Xcel Brands has a 12 month low of $0.29 and a 12 month high of $1.06.

Xcel Brands (NASDAQ:XELB) last posted its earnings results on Friday, December 20th. The textile maker reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.06. Xcel Brands had a negative return on equity of 19.20% and a negative net margin of 236.80%. As a group, equities analysts forecast that Xcel Brands will post -0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Xcel Brands

An institutional investor recently raised its position in Xcel Brands stock. Summit Trail Advisors LLC grew its stake in Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter. 18.55% of the stock is owned by institutional investors and hedge funds.

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.