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

by · The Cerbat Gem

StockNews.com started coverage on shares of Xcel Brands (NASDAQ:XELB – Free Report) in a report issued on Saturday. The brokerage issued a sell rating on the textile maker’s stock.

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

View Our Latest Research Report on XELB

Xcel Brands Trading Up 5.3%

NASDAQ XELB opened at $2.56 on Friday. The stock has a market capitalization of $6.07 million, a price-to-earnings ratio of -2.49 and a beta of 0.92. Xcel Brands has a one year low of $2.02 and a one year high of $8.49. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.52 and a quick ratio of 0.52. The business’s fifty day moving average is $2.71 and its 200-day moving average is $4.42.

Institutional Investors Weigh In On Xcel Brands

An institutional investor recently raised its position in Xcel Brands stock. Summit Trail Advisors LLC grew its stake in shares of Xcel Brands, Inc. (NASDAQ:XELB – Free Report) by 9.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. 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 approximately 10.37% of Xcel Brands worth $1,248,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 18.55% of the company’s stock.

Xcel Brands Company Profile

(Get Free Report)

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.

Further Reading