In a research report issued on Wednesday morning, the firm informed investors that it was recommending a sell rating for the textile maker's stock. The firm gave the stock of the textile manufacturer a sell rating.
Xcel Brands trading up 2.5 %
On Wednesday, the stock opened at $1.33. The company's market capitalization is $26.17m, with a PE of -4.16. It has a beta of 1,67. Xcel Brands's 12 month low is $0.51, and its 12 month high is $1.88. The company's 200-day moving is $0.89 and its 50-day average is $1.19. The last time ) released its quarterly results was on Thursday 18th May. The textile manufacturer reported ($0.19) in earnings per share for the quarter. This was below the consensus estimate ($0.17) of ($0.17), by only ($0.02). Revenue for the quarter was $6.05m, which is higher than analysts' expectations of just $3.94m. Xcel Brands posted a negative return of equity of 23.68 % and a net margin of 26.75 %. Research analysts expect Xcel Brands to post a -0.45 EPS in the current year.
Inflows of Institutional Capital and Outflows
Recently, a hedge fund increased its stake in Xcel Brands. According to the latest filings with the SEC, the company increased its shareholding in the textile maker by 4.1%. The company owned 443,672 of the textile manufacturer's shares after buying an additional 17,320 during the period. Perritt Capital Management Inc. held 2.26% in Xcel Brands, worth $271,000, at the end the last reporting period. Hedge funds and institutional investors own 17.43%.
About Xcel Brands
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Xcel Brands, Inc., along with its subsidiaries, is a media company and consumer product company that operates in the United States. The company designs, manufactures, markets, wholesales and sells branded clothing, footwear, accessories and jewelry as well as home goods and other consumer items. It also acquires consumer lifestyle brand names such as the Isaac Mizrahi and the LOGO By Lori Goldstein.
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