Xcel Brands (NASDAQ:XELB) Issues Quarterly Earnings Results

Xcel Brands (NASDAQ:XELB) issued its quarterly earnings data on Wednesday. The textile maker reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.08, Zacks reports. The company had revenue of $2.95 million during the quarter, compared to analysts’ expectations of $2.98 million. Xcel Brands had a negative return on equity of 20.21% and a negative net margin of 179.30%. During the same quarter in the previous year, the business earned ($0.09) earnings per share.

Xcel Brands Stock Up 3.3 %

XELB opened at $0.70 on Friday. The business has a 50 day moving average price of $0.67 and a two-hundred day moving average price of $0.79. Xcel Brands has a 52 week low of $0.58 and a 52 week high of $1.91. The company has a market cap of $16.51 million, a PE ratio of -0.64 and a beta of 1.41. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 0.21.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Xcel Brands in a report on Sunday, August 11th. They issued a “sell” rating on the 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.