StockNews.com Initiates Coverage on Xcel Brands (NASDAQ:XELB)

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

Xcel Brands Price Performance

NASDAQ:XELB opened at $0.51 on Thursday. The business’s 50-day moving average is $0.65 and its 200 day moving average is $0.68. Xcel Brands has a 12 month low of $0.33 and a 12 month high of $1.70. The company has a market capitalization of $12.01 million, a P/E ratio of -0.56 and a beta of 1.36. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 0.08.

Xcel Brands (NASDAQ:XELB) last released its quarterly earnings data on Friday, December 20th. The textile maker reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.06. Xcel Brands had a negative return on equity of 20.74% and a negative net margin of 179.30%. On average, equities research analysts forecast that Xcel Brands will post -0.26 earnings per share for the current fiscal year.

About Xcel Brands

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.