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

Equities researchers at StockNews.com initiated coverage on shares of Xcel Brands (NASDAQ:XELB) in a research report issued on Tuesday. The brokerage set a “sell” rating on the textile maker’s stock.

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

Xcel Brands Stock Performance

Shares of XELB opened at $2.48 on Tuesday. Xcel Brands has a 1 year low of $2.04 and a 1 year high of $8.50. The company’s 50 day simple moving average is $3.25 and its 200 day simple moving average is $5.26. The company has a market capitalization of $5.89 million, a price-to-earnings ratio of -2.41 and a beta of 1.01. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.52 and a current ratio of 0.52.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Xcel Brands stock. Summit Trail Advisors LLC boosted its stake in Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,452,593 shares of the textile maker’s stock after purchasing an additional 210,000 shares during the quarter. Summit Trail Advisors LLC owned about 10.37% of Xcel Brands worth $1,248,000 as of its most recent filing with the SEC. 18.55% of the stock is currently owned by 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.