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

Investment analysts at StockNews.com initiated coverage on shares of Xcel Brands (NASDAQ:XELB) in a report released on Tuesday. The brokerage set a “sell” rating on the textile maker’s stock.

Separately, Sidoti raised shares of Xcel Brands to a “hold” rating in a research report on Friday, January 31st.

Xcel Brands Stock Performance

Shares of XELB stock opened at $0.37 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.52 and a current ratio of 0.52. Xcel Brands has a one year low of $0.33 and a one year high of $1.09. The company’s 50-day simple moving average is $0.48 and its 200-day simple moving average is $0.64. The stock has a market capitalization of $8.77 million, a price-to-earnings ratio of -0.36 and a beta of 1.35.

Xcel Brands (NASDAQ:XELB) last issued its quarterly earnings results on Friday, December 20th. The textile maker reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.06. Xcel Brands had a negative net margin of 236.80% and a negative return on equity of 19.20%. Equities analysts anticipate that Xcel Brands will post -0.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Xcel Brands

An institutional investor recently raised its position in Xcel Brands stock. Summit Trail Advisors LLC boosted its holdings in Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,452,593 shares of the textile maker’s stock after acquiring an additional 210,000 shares during the period. Summit Trail Advisors LLC owned about 10.37% of Xcel Brands worth $1,248,000 at the end of the most recent quarter. 18.55% of the stock is owned by institutional investors and hedge funds.

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.