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 note issued to investors on Saturday. The brokerage set a “sell” rating on the textile maker’s stock.

Xcel Brands Price Performance

XELB opened at $0.44 on Friday. Xcel Brands has a fifty-two week low of $0.33 and a fifty-two week high of $1.70. The firm has a 50-day moving average of $0.58 and a 200 day moving average of $0.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.52 and a current ratio of 0.52. The firm has a market cap of $10.40 million, a P/E ratio of -0.43 and a beta of 1.36.

Xcel Brands (NASDAQ:XELB) last released its earnings results on Friday, December 20th. The textile maker reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.06. Xcel Brands had a negative net margin of 236.80% and a negative return on equity of 19.20%. On average, research analysts expect that Xcel Brands will post -0.23 EPS for the current year.

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.