StockNews.com Begins Coverage on Xcel Brands (NASDAQ:XELB)

StockNews.com assumed coverage on shares of Xcel Brands (NASDAQ:XELB) in a report published on Monday. The firm issued a sell rating on the textile maker’s stock.

Xcel Brands Stock Up 1.2 %

Shares of NASDAQ XELB opened at $0.62 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.98 and a quick ratio of 0.91. Xcel Brands has a 1 year low of $0.60 and a 1 year high of $2.10. The company has a 50 day simple moving average of $0.70 and a 200 day simple moving average of $0.96. The firm has a market cap of $14.51 million, a PE ratio of -0.57 and a beta of 1.47.

Xcel Brands (NASDAQ:XELB) last issued its quarterly earnings results on Monday, May 20th. The textile maker reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.07. The company had revenue of $2.18 million during the quarter, compared to analysts’ expectations of $2.20 million. Xcel Brands had a negative return on equity of 21.92% and a negative net margin of 156.27%. On average, research analysts forecast that Xcel Brands will post -0.25 EPS for the current year.

Hedge Funds Weigh In On Xcel Brands

A number of institutional investors and hedge funds have recently made changes to their positions in XELB. Levin Capital Strategies L.P. bought a new stake in shares of Xcel Brands during the first quarter valued at approximately $86,000. Perritt Capital Management Inc. raised its holdings in shares of Xcel Brands by 31.6% in the 1st quarter. Perritt Capital Management Inc. now owns 606,858 shares of the textile maker’s stock worth $473,000 after acquiring an additional 145,833 shares during the last quarter. AWM Investment Company Inc. acquired a new position in Xcel Brands during the 1st quarter valued at about $600,000. Finally, Summit Trail Advisors LLC increased its holdings in Xcel Brands by 32.5% during the 1st quarter. Summit Trail Advisors LLC now owns 2,242,593 shares of the textile maker’s stock worth $1,749,000 after purchasing an additional 550,453 shares in the last quarter. Institutional investors own 18.55% of the company’s stock.

Xcel Brands Company Profile

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, the TowerHill by Christie Brinkley brand (the CB brand), and other brands, as well as manages the Longaberger brand.