StockNews.com began covering stocks of Xcel Brands (NASDAQ: XELB – Get Note) in a report released Wednesday. The brokerage has set a “sell” rating on the textile maker’s shares.
Xcel Brands stock opened Wednesday at $1.37. The company has a 50-day moving average price of $1.39 and a two-hundred-day moving average price of $1.32. The company has a quick ratio of 1.34, a current ratio of 1.61 and a debt ratio of 0.34. The stock has a market capitalization of $26.81 million, a price-earnings ratio of -2.21 and a beta of 1.53. Xcel Brands has a 12 month minimum of $0.95 and a 12 month maximum of $3.25.
Xcel Brands (NASDAQ:XELB – Get Rating) last released its quarterly results on Thursday, April 14. The textile maker reported ($0.22) EPS for the quarter. Xcel Brands had a negative net margin of 32.12% and a negative return on equity of 8.32%. The company had revenue of $8.10 million in the quarter.
Hedge funds have recently increased or reduced their stakes in the company. Veritable LP increased its stake in shares of Xcel Brands by 156.3% in Q3. Veritable LP now owns 38,444 shares of the textile maker valued at $57,000 after purchasing an additional 23,444 shares during the period. Citadel Advisors LLC increased its position in Xcel Brands by 201.9% during the third quarter. Citadel Advisors LLC now owns 43,175 shares of the textile maker worth $64,000 after acquiring 28,872 additional shares in the last quarter. Renaissance Technologies LLC increased its position in Xcel Brands by 23.0% during the fourth quarter. Renaissance Technologies LLC now owns 66,200 shares of the textile maker worth $72,000 after acquiring 12,400 additional shares in the last quarter. Potomac Capital Management Inc. acquired a new stake in Xcel Brands during the 4th quarter for a value of approximately $442,000. Finally, Summit Trail Advisors LLC increased its position in Xcel Brands by 7.3% during the 4th quarter. Summit Trail Advisors LLC now owns 1,553,074 shares of the textile maker worth $1,693,000 after acquiring 105,833 additional shares in the last quarter. Institutional investors hold 13.10% of the company’s shares.
Xcel Brands Company Profile (Get an evaluation)
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, homeware and other consumer products; and acquires consumer lifestyle brands including Isaac Mizrahi, Lori Goldstein’s LOGO, Judith Ripka, Halston brand, C Wonder and other brands, and manages the Longaberger brand.
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