Equities research analysts at StockNews.com assumed coverage on shares of Xcel Brands (NASDAQ:XELB – Get Free Report) in a research note issued to investors on Sunday. The brokerage set a “sell” rating on the textile maker’s stock.
Xcel Brands Price Performance
XELB opened at $0.70 on Friday. Xcel Brands has a one year low of $0.51 and a one year high of $2.10. 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 company’s 50 day simple moving average is $0.88 and its 200-day simple moving average is $1.06. The stock has a market capitalization of $13.91 million, a P/E ratio of -0.65 and a beta of 1.43.
Insider Activity at Xcel Brands
In other Xcel Brands news, Director Mark Disanto acquired 146,250 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were acquired 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 of the company’s stock, valued at approximately $763,270.95. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 52.41% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Xcel Brands
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.
Featured Stories
- Five stocks we like better than Xcel Brands
- How to Invest in Biotech Stocks
- MarketBeat Week in Review – 4/15 – 4/19
- P/E Ratio Calculation: How to Assess Stocks
- Comprehensive Analysis of PayPal Stock
- How to Invest in Insurance Companies: A Guide
- Intuitive Surgical Stock Can Trend Much Higher This Year
Receive News & Ratings for Xcel Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Brands and related companies with MarketBeat.com's FREE daily email newsletter.