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

StockNews.com began coverage on shares of Xcel Brands (NASDAQ:XELB) in a research note issued to investors on Saturday. The brokerage issued a sell rating on the textile maker’s stock.

Xcel Brands Trading Up 3.4 %

Xcel Brands stock opened at $0.71 on Friday. The firm has a market cap of $16.69 million, a PE ratio of -0.78 and a beta of 1.34. Xcel Brands has a 12 month low of $0.58 and a 12 month high of $1.70. The stock’s 50 day simple moving average is $0.75 and its two-hundred day simple moving average is $0.71. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 0.08.

Institutional Investors Weigh In On Xcel Brands

An institutional investor recently bought a new position in Xcel Brands stock. AWM Investment Company Inc. acquired a new stake in shares of Xcel Brands, Inc. (NASDAQ:XELB) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 769,230 shares of the textile maker’s stock, valued at approximately $600,000. AWM Investment Company Inc. owned approximately 3.27% of Xcel Brands as of its most recent SEC filing. 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.