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

StockNews.com initiated coverage on shares of Xcel Brands (NASDAQ:XELBFree Report) in a research note issued to investors on Monday morning. The firm issued a sell rating on the textile maker’s stock.

Xcel Brands Trading Down 0.6 %

Shares of NASDAQ:XELB opened at $0.42 on Monday. Xcel Brands has a fifty-two week low of $0.33 and a fifty-two week high of $1.18. The company’s 50-day moving average price is $0.52 and its 200 day moving average price is $0.65. 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 company has a market cap of $9.94 million, a PE ratio of -0.41 and a beta of 1.35.

Xcel Brands (NASDAQ:XELBGet Free Report) last released its earnings results on Friday, December 20th. The textile maker reported ($0.06) EPS for the quarter, beating 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%. Sell-side analysts anticipate that Xcel Brands will post -0.23 earnings per share for the current year.

Hedge Funds Weigh In On Xcel Brands

An institutional investor recently raised its position in Xcel Brands stock. Summit Trail Advisors LLC lifted its holdings in Xcel Brands, Inc. (NASDAQ:XELBFree Report) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 10.37% of Xcel Brands worth $1,248,000 at the end of the most recent reporting period. Institutional investors own 18.55% of the company’s stock.

About Xcel Brands

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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.

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