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

Stock analysts at StockNews.com began coverage on shares of Xcel Brands (NASDAQ:XELB) in a note issued to investors on Saturday. The firm set a “sell” rating on the textile maker’s stock.

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

Xcel Brands Price Performance

Shares of NASDAQ:XELB opened at $2.43 on Friday. The company has a 50 day moving average of $2.71 and a 200 day moving average of $4.51. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.09. Xcel Brands has a 12 month low of $2.02 and a 12 month high of $8.49. The stock has a market cap of $5.77 million, a P/E ratio of -2.36 and a beta of 0.92.

Institutional Trading of 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 its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,452,593 shares of the textile maker’s stock after buying an additional 210,000 shares during the quarter. Summit Trail Advisors LLC owned 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 hedge funds and other institutional investors.

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.