Xcel Brands (NASDAQ:XELB) Now Covered by StockNews.com

Analysts at StockNews.com initiated coverage on shares of Xcel Brands (NASDAQ:XELB) in a report released on Saturday. The firm set a “sell” rating on the textile maker’s stock.

Xcel Brands Stock Performance

NASDAQ XELB opened at $0.70 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $16.39 million, a PE ratio of -0.77 and a beta of 1.34. The business’s 50-day moving average price is $0.75 and its 200 day moving average price is $0.71. Xcel Brands has a twelve month low of $0.58 and a twelve month high of $1.70.

Institutional Trading of Xcel Brands

An institutional investor recently bought a new position in Xcel Brands stock. Levin Capital Strategies L.P. purchased a new position in shares of Xcel Brands, Inc. (NASDAQ:XELB) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 110,000 shares of the textile maker’s stock, valued at approximately $86,000. Levin Capital Strategies L.P. owned about 0.47% of Xcel Brands at the end of the most recent reporting period. Institutional investors 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.