Xcel Brands (NASDAQ:XELB) Earns Sell Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Xcel Brands (NASDAQ:XELB) in a research note released on Thursday. The brokerage issued a sell rating on the textile maker’s stock.

Separately, Sidoti raised shares of Xcel Brands to a “hold” rating in a research report on Friday, January 31st.

Xcel Brands Trading Down 15.7 %

XELB stock opened at $2.53 on Thursday. The company has a market cap of $6.00 million, a price-to-earnings ratio of -2.46 and a beta of 1.01. 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 business has a fifty day simple moving average of $2.89 and a 200-day simple moving average of $4.85. Xcel Brands has a 52 week low of $2.02 and a 52 week high of $8.49.

Institutional Trading of Xcel Brands

A hedge fund recently raised its stake in Xcel Brands stock. Summit Trail Advisors LLC lifted its position in shares of Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund 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 10.37% of Xcel Brands worth $1,248,000 as of its most recent filing with the SEC. 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.