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

Equities research analysts at StockNews.com began coverage on shares of Xcel Brands (NASDAQ:XELB) in a report released on Wednesday. The brokerage set a “sell” rating on the textile maker’s stock.

Xcel Brands Price Performance

NASDAQ:XELB opened at $0.81 on Wednesday. The company has a market cap of $18.91 million, a P/E ratio of -0.74 and a beta of 1.34. The firm’s fifty day moving average price is $0.74 and its two-hundred day moving average price is $0.71. Xcel Brands has a one year low of $0.58 and a one year high of $1.70. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.79 and a quick ratio of 0.72.

Xcel Brands (NASDAQ:XELB) last issued its quarterly earnings data on Wednesday, August 14th. The textile maker reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.08. The firm had revenue of $2.95 million during the quarter, compared to the consensus estimate of $2.98 million. Xcel Brands had a negative net margin of 179.30% and a negative return on equity of 20.74%. During the same period last year, the business posted ($0.09) earnings per share. Equities analysts expect that Xcel Brands will post -0.26 earnings per share for the current year.

Institutional Trading of Xcel Brands

Several large investors have recently modified their holdings of the stock. Levin Capital Strategies L.P. acquired a new stake in shares of Xcel Brands during the 1st quarter worth approximately $86,000. AWM Investment Company Inc. bought a new stake in Xcel Brands during the first quarter worth $600,000. Finally, Perritt Capital Management Inc. boosted its holdings in shares of Xcel Brands by 31.6% in the 1st quarter. Perritt Capital Management Inc. now owns 606,858 shares of the textile maker’s stock valued at $473,000 after purchasing an additional 145,833 shares in the last 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.