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

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

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

Xcel Brands Stock Up 13.1 %

XELB stock opened at $4.35 on Friday. The firm’s 50-day moving average is $0.44 and its two-hundred day moving average is $0.59. The company has a market capitalization of $103.22 million, a price-to-earnings ratio of -4.22 and a beta of 1.38. Xcel Brands has a 52 week low of $2.50 and a 52 week high of $9.97. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.09.

Institutional Investors Weigh In On Xcel Brands

An institutional investor recently raised its position in Xcel Brands stock. Summit Trail Advisors LLC lifted its stake in shares of Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities & 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 approximately 10.37% of Xcel Brands worth $1,248,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.