Research analysts at StockNews.com initiated coverage on shares of Xcel Brands (NASDAQ:XELB – Get Free Report) in a research note issued on Tuesday. The brokerage set a “sell” rating on the textile maker’s stock.
Xcel Brands Trading Down 2.8 %
Shares of NASDAQ:XELB opened at $0.70 on Tuesday. The business’s 50 day simple moving average is $0.67 and its 200 day simple moving average is $0.76. Xcel Brands has a 1 year low of $0.58 and a 1 year high of $1.70. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.79 and a quick ratio of 0.72. The company has a market capitalization of $16.53 million, a P/E ratio of -0.64 and a beta of 1.41.
Xcel Brands (NASDAQ:XELB – Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The textile maker reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.08. Xcel Brands had a negative net margin of 179.30% and a negative return on equity of 20.74%. The business had revenue of $2.95 million for the quarter, compared to analyst estimates of $2.98 million. During the same quarter last year, the business posted ($0.09) EPS. On average, research analysts anticipate that Xcel Brands will post -0.26 EPS for the current fiscal year.
Institutional Investors 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, the TowerHill by Christie Brinkley brand (the CB brand), and other brands, as well as manages the Longaberger brand.
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