Xcel Brands (NASDAQ:XELB) Stock Rating Reaffirmed as Outperform by Noble Financial

Xcel Brands (NASDAQ:XELB – Get Free Report)‘s stock had its “outperform” rating restated by analysts at Noble Financial in a note issued to investors on Friday, Benzinga reports.

Separately, Weiss Ratings cut Xcel Brands from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

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Xcel Brands Price Performance

Shares of NASDAQ XELB traded down $0.04 during trading hours on Friday, reaching $0.60. 605,782 shares of the stock traded hands, compared to its average volume of 255,349. The company has a market capitalization of $3.95 million, a P/E ratio of -0.18 and a beta of 1.24. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.87. Xcel Brands has a 52-week low of $0.52 and a 52-week high of $2.47. The company’s 50-day simple moving average is $0.88 and its two-hundred day simple moving average is $1.49.

Xcel Brands (NASDAQ:XELB – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The textile maker reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.02). The firm had revenue of $1.12 million for the quarter, compared to analysts’ expectations of $1.80 million. Xcel Brands had a negative net margin of 343.68% and a negative return on equity of 109.17%. Equities research analysts forecast that Xcel Brands will post -1.44 EPS for the current year.

About Xcel Brands

(Get Free Report)

Xcel Brands, Inc is a media and consumer products company that develops, acquires, markets and licenses lifestyle brands. Its business combines brand management with entertainment, television, digital content, social commerce and direct-to-consumer initiatives designed to connect brands with consumers across multiple retail channels.

The company’s activities span fashion, jewelry, home goods and related consumer products. Xcel Brands works with designers and other brand partners to create product lines and then extends those brands through licensing, wholesale distribution, television shopping, e-commerce and digital and social-media platforms.

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