StockNews.com Begins Coverage on Xcel Brands (NASDAQ:XELB)

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

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

Xcel Brands Price Performance

NASDAQ XELB opened at $0.37 on Tuesday. Xcel Brands has a 12 month low of $0.33 and a 12 month high of $1.09. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.52 and a quick ratio of 0.52. The firm has a market capitalization of $8.77 million, a PE ratio of -0.36 and a beta of 1.35. The company’s 50 day simple moving average is $0.48 and its 200 day simple moving average is $0.64.

Xcel Brands (NASDAQ:XELB) last posted its quarterly earnings results on Friday, December 20th. The textile maker reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate 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%. As a group, equities research analysts forecast that Xcel Brands will post -0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Xcel Brands

An institutional investor recently raised its position in Xcel Brands stock. Summit Trail Advisors LLC boosted its position 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 SEC. The institutional investor 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 at the end of the most recent reporting period. Hedge funds and other institutional investors own 18.55% of the company’s stock.

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.