Xcel Brands’ (XELB) Outperform Rating Reaffirmed at Noble Financial

Xcel Brands (NASDAQ:XELB)‘s stock had its “outperform” rating restated by equities researchers at Noble Financial in a report issued 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. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Xcel Brands Price Performance

XELB traded down $0.03 during trading on Friday, reaching $0.61. 584,936 shares of the company were exchanged, compared to its average volume of 255,280. The company’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 company has a market cap of $4.00 million, a price-to-earnings ratio of -0.18 and a beta of 1.24. 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 (NASDAQ:XELB) last announced its 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 net margin of 343.68% and a negative return on equity of 109.17%. Research analysts forecast that Xcel Brands will post -1.44 earnings per share for the current fiscal 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.