StockNews.com initiated coverage on shares of Xcel Brands (NASDAQ:XELB – Free Report) in a research note published on Sunday morning. The brokerage issued a sell rating on the textile maker’s stock.
Xcel Brands Price Performance
Xcel Brands stock traded up $0.00 during mid-day trading on Friday, reaching $0.65. 5,087 shares of the company were exchanged, compared to its average volume of 39,611. Xcel Brands has a 12 month low of $0.58 and a 12 month high of $1.98. The firm has a market cap of $15.18 million, a PE ratio of -0.59 and a beta of 1.41. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.98 and a quick ratio of 0.91. The company has a fifty day simple moving average of $0.67 and a 200-day simple moving average of $0.80.
Xcel Brands (NASDAQ:XELB – Get Free Report) last issued its earnings results on Monday, May 20th. The textile maker reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.07. Xcel Brands had a negative return on equity of 21.92% and a negative net margin of 156.27%. The business had revenue of $2.18 million during the quarter, compared to analysts’ expectations of $2.20 million. As a group, equities research analysts expect that Xcel Brands will post -0.25 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Xcel Brands
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.
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