Xcel Brands (NASDAQ:XELB) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Xcel Brands, Inc (NASDAQ:XELB)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $1.77 and traded as high as $2.20. Xcel Brands shares last traded at $2.11, with a volume of 18,004 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Xcel Brands from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $3.00.

Xcel Brands Stock Down 1.9%

The company has a market capitalization of $12.47 million, a PE ratio of -0.45 and a beta of 1.16. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.49 and a current ratio of 0.49. The stock’s 50 day moving average is $1.77 and its 200 day moving average is $1.47.

Xcel Brands (NASDAQ:XELB) last posted its earnings results on Thursday, May 14th. The textile maker reported ($0.42) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.64) by $0.22. Xcel Brands had a negative net margin of 361.04% and a negative return on equity of 77.85%. The business had revenue of $1.14 million for the quarter, compared to analysts’ expectations of $1.65 million. On average, sell-side analysts anticipate that Xcel Brands, Inc will post -1.34 EPS for the current fiscal year.

Institutional Trading of Xcel Brands

Institutional investors and hedge funds have recently bought and sold shares of the company. DRW Securities LLC lifted its stake in Xcel Brands by 98.1% in the 4th quarter. DRW Securities LLC now owns 34,434 shares of the textile maker’s stock worth $37,000 after purchasing an additional 17,053 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Xcel Brands in the 3rd quarter worth approximately $88,000. Finally, Potomac Capital Management Inc. purchased a new stake in Xcel Brands in the 4th quarter worth approximately $441,000. 18.55% of the stock is currently owned by hedge funds and other institutional investors.

About Xcel Brands

Xcel Brands, Inc (NASDAQ: XELB) is a lifestyle brand management company that acquires, develops and markets consumer product brands spanning fashion, entertainment and home categories. The company works with designers, celebrities and entertainment properties to create branded apparel, accessories, jewelry and home décor collections. Its portfolio includes licensed and proprietary brands such as Judith Ripka, Isaac Mizrahi and Simple Joys by Carter’s, among others.

The company’s business model centers on sourcing creative talent and intellectual property, then leveraging an in-house product development team to design collections that are manufactured by third-party partners.