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

StockNews.com started coverage on shares of Xcel Brands (NASDAQ:XELB) in a research report sent to investors on Sunday morning. The firm issued a sell rating on the textile maker’s stock.

Xcel Brands Price Performance

NASDAQ:XELB opened at $0.73 on Friday. The stock has a market cap of $17.20 million, a P/E ratio of -0.67 and a beta of 1.34. Xcel Brands has a one year low of $0.58 and a one year high of $1.70. The company has a fifty day moving average price of $0.71 and a 200 day moving average price of $0.71. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.79 and a quick ratio of 0.72.

Xcel Brands (NASDAQ:XELB) last announced its quarterly earnings data on Wednesday, August 14th. The textile maker reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.08. Xcel Brands had a negative net margin of 179.30% and a negative return on equity of 20.74%. The company had revenue of $2.95 million during the quarter, compared to analysts’ expectations of $2.98 million. During the same quarter in the prior year, the company posted ($0.09) EPS. Analysts anticipate that Xcel Brands will post -0.26 earnings per share for the current year.

Hedge Funds Weigh In On Xcel Brands

Hedge funds have recently made changes to their positions in the business. Levin Capital Strategies L.P. acquired a new position in shares of Xcel Brands in the 1st quarter valued at $86,000. AWM Investment Company Inc. bought a new stake in shares of Xcel Brands in the 1st quarter worth about $600,000. Finally, Perritt Capital Management Inc. grew 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 purchasing an additional 145,833 shares during the last quarter. Institutional investors and hedge funds own 18.55% 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, the TowerHill by Christie Brinkley brand (the CB brand), and other brands, as well as manages the Longaberger brand.