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

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

Xcel Brands Trading Up 1.5 %

NASDAQ XELB opened at $0.79 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.79 and a quick ratio of 0.72. The stock’s 50-day moving average is $0.75 and its 200-day moving average is $0.71. Xcel Brands has a one year low of $0.58 and a one year high of $1.70. The firm has a market cap of $18.67 million, a P/E ratio of -0.88 and a beta of 1.34.

Xcel Brands (NASDAQ:XELB) last announced its quarterly earnings results on Wednesday, August 14th. The textile maker reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.08. Xcel Brands had a negative net margin of 179.30% and a negative return on equity of 20.74%. The firm had revenue of $2.95 million for the quarter, compared to analyst estimates of $2.98 million. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. Sell-side analysts anticipate that Xcel Brands will post -0.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. AWM Investment Company Inc. bought a new position in shares of Xcel Brands in the 1st quarter valued at about $600,000. Perritt Capital Management Inc. grew its stake in Xcel Brands by 31.6% in the first 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. Finally, Levin Capital Strategies L.P. acquired a new position in shares of Xcel Brands during the 1st quarter worth approximately $86,000. 18.55% of the stock is owned by institutional investors and hedge funds.

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.