Xcel Brands (NASDAQ:XELB) Stock Price Down 1% – Here’s Why

Shares of Xcel Brands, Inc (NASDAQ:XELB) were down 1% on Monday . The stock traded as low as $0.8506 and last traded at $0.8511. 2,035 shares were traded during trading, a decline of 97% from the average daily volume of 74,947 shares. The stock had previously closed at $0.8598.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Xcel Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, September 8th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Xcel Brands has an average rating of “Hold” and an average target price of $3.00.

Xcel Brands Stock Down 1.0%

The firm has a market capitalization of $5.58 million, a P/E ratio of -0.25 and a beta of 1.25. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.87. The company has a fifty day simple moving average of $1.04 and a 200 day simple moving average of $1.56.

Xcel Brands (NASDAQ:XELB) last posted its quarterly earnings results on Thursday, August 13th. The textile maker reported ($0.40) EPS 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%. On average, equities analysts expect that Xcel Brands, Inc will post -1.44 EPS for the current fiscal year.

Institutional Trading of Xcel Brands

An institutional investor recently bought a new position in Xcel Brands stock. Potomac Capital Management Inc. purchased a new stake in Xcel Brands, Inc (NASDAQ:XELB) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 408,400 shares of the textile maker’s stock, valued at approximately $441,000. Potomac Capital Management Inc. owned about 6.93% of Xcel Brands as of its most recent filing with the SEC. 18.55% of the stock is currently owned by institutional investors.

About Xcel Brands

Xcel Brands, Inc is a brand-management and media company that develops, acquires, markets and licenses consumer brands. The company focuses on lifestyle categories including fashion, accessories, jewelry, home goods and beauty products, using a combination of licensing, direct-to-consumer commerce, retail distribution and media-driven marketing.

Xcel’s portfolio has included brands associated with designers and personalities such as Isaac Mizrahi and Judith Ripka. The company works with retail and manufacturing partners to design, produce and distribute branded merchandise, while also supporting product launches through television, digital content, social media and livestream shopping.