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Research analysts at Wunderlich initiated coverage on shares of XCel Brands (NASDAQ:XELB) in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.

XCel Brands (NASDAQ:XELB) opened at 5.55 on Tuesday. XCel Brands has a 1-year low of $2.80 and a 1-year high of $20.00. The stock’s 50-day moving average is $6. and its 200-day moving average is $6.38. The company has a market cap of $47.7 million and a P/E ratio of 100.91.

XCel Brands Inc, formerly NetFabrics Holdings, Inc, is engaged in designing, licensing and marketing of the Isaac Mizrahi trademarks and brands including Isaac Mizrahi New York, Isaac Mizrahi, Isaac Mizrahi Jeans, M.

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