Xcel Brands (NASDAQ:XELB) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Xcel Brands (NASDAQ:XELB) in a research note issued to investors on Monday. The firm set a “sell” rating on the textile maker’s stock.

Xcel Brands Stock Performance

NASDAQ:XELB opened at $0.64 on Monday. Xcel Brands has a twelve month low of $0.63 and a twelve month high of $2.10. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average of $0.71 and a 200-day moving average of $0.97. The firm has a market cap of $15.00 million, a price-to-earnings ratio of -0.59 and a beta of 1.47.

Xcel Brands (NASDAQ:XELB) last announced its earnings results on Monday, May 20th. The textile maker reported ($0.09) EPS for the quarter, topping the consensus estimate 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 company had revenue of $2.18 million during the quarter, compared to analysts’ expectations of $2.20 million. Analysts forecast that Xcel Brands will post -0.25 earnings per share for the current fiscal year.

Institutional Trading of Xcel Brands

A number of hedge funds have recently made changes to their positions in XELB. Levin Capital Strategies L.P. purchased a new stake in shares of Xcel Brands in the first quarter worth approximately $86,000. Perritt Capital Management Inc. lifted its position in shares of Xcel Brands by 31.6% in the first quarter. Perritt Capital Management Inc. now owns 606,858 shares of the textile maker’s stock worth $473,000 after purchasing an additional 145,833 shares in the last quarter. AWM Investment Company Inc. purchased a new stake in shares of Xcel Brands in the first quarter worth approximately $600,000. Finally, Summit Trail Advisors LLC lifted its position in shares of Xcel Brands by 32.5% in the first quarter. Summit Trail Advisors LLC now owns 2,242,593 shares of the textile maker’s stock worth $1,749,000 after purchasing an additional 550,453 shares in the last quarter. 18.55% of the stock is owned by hedge funds and other institutional investors.

Xcel Brands Company 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.