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

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

Separately, Sidoti upgraded Xcel Brands to a “hold” rating in a report on Friday, January 31st.

Xcel Brands Price Performance

NASDAQ:XELB opened at $0.38 on Wednesday. Xcel Brands has a 52 week low of $0.33 and a 52 week high of $1.06. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $8.94 million, a PE ratio of -0.37 and a beta of 1.35. The stock’s 50-day moving average price is $0.45 and its 200-day moving average price is $0.63.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Xcel Brands stock. Summit Trail Advisors LLC lifted its stake in shares of Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,452,593 shares of the textile maker’s stock after purchasing an additional 210,000 shares during the period. Summit Trail Advisors LLC owned 10.37% of Xcel Brands worth $1,248,000 as of its most recent SEC filing. Institutional investors and hedge funds own 18.55% of the company’s stock.

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.