Xcel Brands (NASDAQ:XELB) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Xcel Brands (NASDAQ:XELB) in a report released on Sunday. The firm set a “sell” rating on the textile maker’s stock.

Xcel Brands Price Performance

NASDAQ XELB opened at $0.70 on Friday. Xcel Brands has a fifty-two week low of $0.51 and a fifty-two week high of $2.10. The stock’s 50-day moving average is $0.88 and its two-hundred day moving average is $1.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.26 and a quick ratio of 1.11. The firm has a market cap of $13.88 million, a P/E ratio of -0.65 and a beta of 1.43.

Insider Buying and Selling at Xcel Brands

In related news, Director Mark Disanto bought 146,250 shares of the business’s stock in a transaction on Friday, March 15th. The shares were bought at an average cost of $0.65 per share, for a total transaction of $95,062.50. Following the completion of the acquisition, the director now directly owns 1,174,263 shares in the company, valued at $763,270.95. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 52.41% of the company’s stock.

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, and other brands, as well as manages the Longaberger brand.