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

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

Xcel Brands Trading Up 1.6 %

Shares of XELB opened at $0.51 on Thursday. Xcel Brands has a fifty-two week low of $0.33 and a fifty-two week high of $1.70. The business has a 50-day moving average of $0.65 and a 200 day moving average of $0.68. The firm has a market cap of $12.01 million, a P/E ratio of -0.56 and a beta of 1.31. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.72 and a current ratio of 0.79.

Xcel Brands (NASDAQ:XELB) last posted its earnings results on Friday, December 20th. The textile maker reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.06. Xcel Brands had a negative return on equity of 20.74% and a negative net margin of 179.30%. As a group, research analysts forecast that Xcel Brands will post -0.26 EPS for the current year.

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.