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

Research analysts at StockNews.com began coverage on shares of Xcel Brands (NASDAQ:XELB) in a note issued to investors on Monday. The brokerage set a “sell” rating on the textile maker’s stock.

Xcel Brands Stock Down 2.9 %

Shares of NASDAQ:XELB opened at $0.41 on Monday. The stock has a 50-day simple moving average of $0.51 and a 200-day simple moving average of $0.65. The stock has a market capitalization of $9.65 million, a P/E ratio of -0.40 and a beta of 1.35. Xcel Brands has a 1 year low of $0.33 and a 1 year high of $1.18. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.52 and a current ratio of 0.52.

Xcel Brands (NASDAQ:XELB) last released its quarterly earnings data 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%. Equities analysts forecast that Xcel Brands will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On Xcel Brands

An institutional investor recently raised its position in Xcel Brands stock. Summit Trail Advisors LLC increased its holdings in Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% during the 4th quarter, according to the company in its most recent disclosure with the 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 as of its most recent filing with the SEC. 18.55% of the stock is currently owned by institutional investors.

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.