Noble Financial Reaffirms “Outperform” Rating for Xcel Brands (NASDAQ:XELB)

Xcel Brands (NASDAQ:XELB)‘s stock had its “outperform” rating reissued by equities researchers at Noble Financial in a research report issued to clients and investors on Friday, Benzinga reports.

Separately, Weiss Ratings downgraded Xcel Brands from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, September 8th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Xcel Brands Trading Down 6.3%

Shares of NASDAQ XELB traded down $0.04 during midday trading on Friday, hitting $0.60. The company’s stock had a trading volume of 770,064 shares, compared to its average volume of 256,296. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.87. The business’s 50 day moving average is $0.88 and its two-hundred day moving average is $1.49. Xcel Brands has a 12-month low of $0.52 and a 12-month high of $2.47. The firm has a market cap of $3.94 million, a P/E ratio of -0.18 and a beta of 1.24.

Xcel Brands (NASDAQ:XELB) last issued its quarterly earnings results on Thursday, August 13th. The textile maker reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.02). Xcel Brands had a negative return on equity of 109.17% and a negative net margin of 343.68%.The business had revenue of $1.12 million during the quarter, compared to analysts’ expectations of $1.80 million. As a group, equities research analysts expect that Xcel Brands will post -1.44 EPS for the current year.

Xcel Brands Company Profile

Xcel Brands, Inc is a media and consumer products company that develops, acquires, markets and licenses lifestyle brands. Its business combines brand management with entertainment, television, digital content, social commerce and direct-to-consumer initiatives designed to connect brands with consumers across multiple retail channels.

The company’s activities span fashion, jewelry, home goods and related consumer products. Xcel Brands works with designers and other brand partners to create product lines and then extends those brands through licensing, wholesale distribution, television shopping, e-commerce and digital and social-media platforms.