Xcel Brands (NASDAQ:XELB) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Xcel Brands, Inc (NASDAQ:XELB) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $1.77 and traded as high as $2.20. Xcel Brands shares last traded at $2.11, with a volume of 18,004 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Xcel Brands from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $3.00.

Xcel Brands Price Performance

The stock has a fifty day simple moving average of $1.77 and a two-hundred day simple moving average of $1.47. The company has a market cap of $12.48 million, a PE ratio of -0.45 and a beta of 1.16. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.60.

Xcel Brands (NASDAQ:XELB) last announced its quarterly earnings data on Thursday, May 14th. The textile maker reported ($0.42) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.22. Xcel Brands had a negative return on equity of 77.85% and a negative net margin of 361.04%.The company had revenue of $1.14 million for the quarter, compared to analyst estimates of $1.65 million. On average, equities analysts predict that Xcel Brands, Inc will post -1.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Xcel Brands

Several institutional investors have recently modified their holdings of XELB. DRW Securities LLC boosted its stake in shares of Xcel Brands by 98.1% during the 4th quarter. DRW Securities LLC now owns 34,434 shares of the textile maker’s stock worth $37,000 after acquiring an additional 17,053 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Xcel Brands during the 3rd quarter worth approximately $88,000. Finally, Potomac Capital Management Inc. purchased a new stake in shares of Xcel Brands during the 4th quarter worth approximately $441,000. Hedge funds and other institutional investors own 18.55% of the company’s stock.

Xcel Brands Company Profile

Xcel Brands, Inc (NASDAQ: XELB) is a lifestyle brand management company that acquires, develops and markets consumer product brands spanning fashion, entertainment and home categories. The company works with designers, celebrities and entertainment properties to create branded apparel, accessories, jewelry and home décor collections. Its portfolio includes licensed and proprietary brands such as Judith Ripka, Isaac Mizrahi and Simple Joys by Carter’s, among others.

The company’s business model centers on sourcing creative talent and intellectual property, then leveraging an in-house product development team to design collections that are manufactured by third-party partners.