Xcel Brands (NASDAQ:XELB) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Xcel Brands (NASDAQ:XELB) in a research note published on Saturday morning. The brokerage issued a sell rating on the textile maker’s stock.

Separately, Sidoti upgraded Xcel Brands to a “hold” rating in a report on Friday, January 31st.

Xcel Brands Price Performance

Shares of NASDAQ:XELB opened at $2.56 on Friday. Xcel Brands has a 1-year low of $2.02 and a 1-year high of $8.49. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.52 and a quick ratio of 0.52. The business has a fifty day moving average price of $2.71 and a 200-day moving average price of $4.42. The company has a market capitalization of $6.07 million, a PE ratio of -2.49 and a beta of 0.92.

Institutional Investors Weigh In On Xcel Brands

An institutional investor recently raised its position in Xcel Brands stock. Summit Trail Advisors LLC grew its stake in shares of Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,452,593 shares of the textile maker’s stock after buying an additional 210,000 shares during the period. Summit Trail Advisors LLC owned 10.37% of Xcel Brands worth $1,248,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.