Xcel Brands (NASDAQ:XELB) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Xcel Brands (NASDAQ:XELB) in a research note published on Thursday morning. The firm issued a sell rating on the textile maker’s stock.

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

Xcel Brands Stock Performance

Shares of XELB opened at $2.53 on Thursday. 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 stock has a market cap of $6.00 million, a price-to-earnings ratio of -2.46 and a beta of 1.01. Xcel Brands has a one year low of $2.02 and a one year high of $8.49. The company has a 50-day moving average of $2.89 and a two-hundred day moving average of $4.85.

Hedge Funds Weigh In On Xcel Brands

An institutional investor recently raised its position in Xcel Brands stock. Summit Trail Advisors LLC boosted its stake in shares of Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% during the fourth quarter, according to its most recent disclosure 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 about 10.37% of Xcel Brands worth $1,248,000 at the end of the most recent reporting period. 18.55% of the stock is currently 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.