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

StockNews.com initiated coverage on shares of Xcel Brands (NASDAQ:XELB) in a report released on Sunday. The firm set a “sell” rating on the textile maker’s stock.

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

Xcel Brands Trading Up 20.2 %

NASDAQ XELB opened at $0.38 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $9.13 million, a P/E ratio of -0.37 and a beta of 1.38. Xcel Brands has a 52-week low of $2.50 and a 52-week high of $9.97. The firm has a 50-day moving average price of $0.37 and a 200 day moving average price of $0.56.

Xcel Brands (NASDAQ:XELB) last posted its quarterly earnings results 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 return on equity of 19.20% and a negative net margin of 236.80%. Equities research analysts expect that Xcel Brands will post -0.23 EPS for the current year.

Hedge Funds Weigh In On Xcel Brands

A hedge fund recently raised its stake in Xcel Brands stock. Summit Trail Advisors LLC boosted its position in Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,452,593 shares of the textile maker’s stock after acquiring an additional 210,000 shares during the period. Summit Trail Advisors LLC owned about 10.37% of Xcel Brands worth $1,248,000 at the end of the most recent reporting period. 18.55% of the stock is currently owned by hedge funds and other institutional investors.

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.