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

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

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

Xcel Brands Trading Down 3.4 %

Shares of XELB stock opened at $2.26 on Wednesday. The business’s 50 day moving average is $3.06 and its two-hundred day moving average is $5.07. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.09. Xcel Brands has a 12 month low of $2.02 and a 12 month high of $8.49. The company has a market cap of $5.36 million, a PE ratio of -2.19 and a beta of 1.01.

Institutional Trading of Xcel Brands

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

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.