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 reissued by analysts at Noble Financial in a research report issued to clients and investors on Friday, Benzinga reports.

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

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Xcel Brands Price Performance

Shares of XELB stock traded down $0.04 during trading hours on Friday, hitting $0.60. The company’s stock had a trading volume of 672,200 shares, compared to its average volume of 255,665. Xcel Brands has a twelve month low of $0.52 and a twelve month high of $2.47. The business has a fifty day moving average of $0.88 and a 200-day moving average of $1.49. The stock has a market cap of $3.94 million, a price-to-earnings ratio of -0.18 and a beta of 1.24. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.87.

Xcel Brands (NASDAQ:XELB – Get Free Report) last announced its quarterly earnings results 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 company had revenue of $1.12 million during the quarter, compared to analyst estimates of $1.80 million. Xcel Brands had a negative net margin of 343.68% and a negative return on equity of 109.17%. As a group, equities research analysts anticipate that Xcel Brands will post -1.44 EPS for the current year.

About Xcel Brands

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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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