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

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

Xcel Brands Stock Performance

Shares of Xcel Brands stock opened at $0.51 on Tuesday. The company’s 50 day moving average price is $0.72 and its two-hundred day moving average price is $0.70. The firm has a market capitalization of $12.08 million, a P/E ratio of -0.57 and a beta of 1.31. Xcel Brands has a fifty-two week low of $0.50 and a fifty-two week high of $1.70. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.79 and a quick ratio of 0.72.

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.