Xcel Brands (NASDAQ:XELB) Stock Keeps Outperform Rating at Noble Financial

Xcel Brands (NASDAQ:XELB)‘s stock had its “outperform” rating reiterated by investment analysts at Noble Financial in a report issued on Friday, Benzinga reports.

Separately, Weiss Ratings cut 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Xcel Brands Stock Down 5.5%

NASDAQ XELB traded down $0.04 on Friday, reaching $0.61. The stock had a trading volume of 621,448 shares, compared to its average volume of 255,455. The business has a 50 day moving average price of $0.88 and a 200 day moving average price of $1.49. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.87. Xcel Brands has a 1 year low of $0.52 and a 1 year high of $2.47. The company has a market capitalization of $3.97 million, a price-to-earnings ratio of -0.18 and a beta of 1.24.

Xcel Brands (NASDAQ:XELB) last released its quarterly earnings results on Thursday, August 13th. The textile maker reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.02). The company had revenue of $1.12 million for the quarter, compared to the consensus estimate of $1.80 million. Xcel Brands had a negative return on equity of 109.17% and a negative net margin of 343.68%. On average, analysts forecast that Xcel Brands will post -1.44 EPS for the current fiscal year.

About Xcel Brands

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.