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

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

Xcel Brands Price Performance

Shares of XELB opened at $0.70 on Friday. The firm has a fifty day simple moving average of $0.75 and a two-hundred day simple moving average of $0.71. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 0.08. Xcel Brands has a 1-year low of $0.58 and a 1-year high of $1.70.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Xcel Brands stock. AWM Investment Company Inc. acquired a new position in Xcel Brands, Inc. (NASDAQ:XELB) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 769,230 shares of the textile maker’s stock, valued at approximately $600,000. AWM Investment Company Inc. owned about 3.27% of Xcel Brands at the end of the most recent quarter. Hedge funds and other 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.