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

StockNews.com assumed coverage on shares of Xcel Brands (NASDAQ:XELB) in a research report released on Monday morning. The firm issued a sell rating on the textile maker’s stock.

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

Xcel Brands Stock Down 0.7 %

Xcel Brands stock opened at $3.03 on Monday. The business’s 50-day moving average price is $3.51 and its 200 day moving average price is $5.48. 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 firm has a market cap of $7.19 million, a price-to-earnings ratio of -2.94 and a beta of 1.38. Xcel Brands has a 52 week low of $2.50 and a 52 week high of $9.00.

Institutional Investors Weigh In On Xcel Brands

An institutional investor recently raised its position in Xcel Brands stock. Summit Trail Advisors LLC raised its holdings in Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,452,593 shares of the textile maker’s stock after purchasing an additional 210,000 shares during the period. Summit Trail Advisors LLC owned about 10.37% of Xcel Brands worth $1,248,000 at the end of the most recent quarter. 18.55% of the stock is currently owned by hedge funds and other institutional investors.

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.