Xcel Brands (NASDAQ:XELB) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Xcel Brands (NASDAQ:XELB) in a research report report published on Saturday morning. The firm issued a sell rating on the textile maker’s stock.

Xcel Brands Stock Down 1.5 %

XELB stock opened at $0.68 on Friday. The stock has a market capitalization of $16.14 million, a P/E ratio of -0.76 and a beta of 1.34. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average price of $0.75 and a 200-day moving average price of $0.71. Xcel Brands has a 12 month low of $0.58 and a 12 month high of $1.70.

Institutional Investors Weigh In On Xcel Brands

An institutional investor recently bought a new position in Xcel Brands stock. Levin Capital Strategies L.P. bought a new stake in Xcel Brands, Inc. (NASDAQ:XELB) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 110,000 shares of the textile maker’s stock, valued at approximately $86,000. Levin Capital Strategies L.P. owned about 0.47% of Xcel Brands at the end of the most recent quarter. Institutional investors and hedge funds own 18.55% of the company’s 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.