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

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

Separately, Weiss Ratings lowered shares of Xcel Brands from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, September 8th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold”.

Xcel Brands Trading Down 6.3%

NASDAQ XELB traded down $0.04 on Friday, hitting $0.60. The company’s stock had a trading volume of 769,647 shares, compared to its average volume of 256,276. The company has a quick ratio of 0.28, a current 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’s 50-day moving average is $0.88 and its 200 day moving average is $1.49. The firm has a market cap of $3.94 million, a PE ratio of -0.18 and a beta of 1.24.

Xcel Brands (NASDAQ:XELB) last announced 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). Xcel Brands had a negative net margin of 343.68% and a negative return on equity of 109.17%. The business had revenue of $1.12 million during the quarter, compared to analyst estimates of $1.80 million. As a group, analysts predict that Xcel Brands will post -1.44 earnings per share 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.