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

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

Xcel Brands Stock Performance

Shares of XELB opened at $0.70 on Friday. The company has a market capitalization of $16.39 million, a PE ratio of -0.77 and a beta of 1.34. Xcel Brands has a 52-week low of $0.58 and a 52-week high of $1.70. The company has a 50-day simple moving average of $0.75 and a 200-day simple moving average of $0.71. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 0.08.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Xcel Brands stock. Levin Capital Strategies L.P. bought a new stake in shares of Xcel Brands, Inc. (NASDAQ:XELB) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 110,000 shares of the textile maker’s stock, valued at approximately $86,000. Levin Capital Strategies L.P. owned approximately 0.47% of Xcel Brands at the end of the most recent quarter. 18.55% of the stock is currently owned by hedge funds and other institutional investors.

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.