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

Equities researchers at StockNews.com began coverage on shares of Xcel Brands (NASDAQ:XELB) in a research report issued to clients and investors on Wednesday. The firm set a “sell” rating on the textile maker’s stock.

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

Xcel Brands Price Performance

Shares of NASDAQ:XELB opened at $0.38 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.09. Xcel Brands has a twelve month low of $0.33 and a twelve month high of $1.06. The firm has a market capitalization of $9.04 million, a price-to-earnings ratio of -0.37 and a beta of 1.35. The stock’s 50 day moving average is $0.44 and its 200-day moving average is $0.63.

Xcel Brands (NASDAQ:XELB) last posted its quarterly earnings data on Friday, December 20th. The textile maker reported ($0.06) EPS for the quarter, beating 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%. Sell-side analysts forecast that Xcel Brands will post -0.23 EPS for the current fiscal year.

Institutional Trading of Xcel Brands

A hedge fund recently raised its stake in Xcel Brands stock. Summit Trail Advisors LLC increased its holdings in Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,452,593 shares of the textile maker’s stock after purchasing an additional 210,000 shares during the quarter. Summit Trail Advisors LLC owned 10.37% of Xcel Brands worth $1,248,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 18.55% of the company’s stock.

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.