Xcel Brands, Inc. (NASDAQ:XELB) Stock Holdings Lowered by Perritt Capital Management Inc.

Perritt Capital Management Inc. reduced its holdings in Xcel Brands, Inc. (NASDAQ:XELB) by 4.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 461,025 shares of the textile maker’s stock after selling 24,000 shares during the quarter. Perritt Capital Management Inc. owned 2.32% of Xcel Brands worth $595,000 at the end of the most recent quarter.

Xcel Brands Stock Down 0.8 %

XELB stock opened at $0.70 on Friday. Xcel Brands, Inc. has a 52-week low of $0.66 and a 52-week high of $2.10. The company’s 50 day simple moving average is $0.72 and its 200-day simple moving average is $0.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.98 and a quick ratio of 0.91. The firm has a market capitalization of $16.44 million, a P/E ratio of -0.64 and a beta of 1.47.

Xcel Brands (NASDAQ:XELB) last released its quarterly earnings results on Monday, May 20th. The textile maker reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.07. Xcel Brands had a negative net margin of 156.27% and a negative return on equity of 21.92%. The business had revenue of $2.18 million for the quarter, compared to analyst estimates of $2.20 million. As a group, equities research analysts anticipate that Xcel Brands, Inc. will post -0.25 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Xcel Brands in a report on Saturday, June 8th. They set a “sell” rating on the stock.

Xcel Brands Profile

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.