Xcel Brands (NASDAQ:XELB) Shares Down 1% – Should You Sell?

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

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Xcel Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, September 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Xcel Brands presently has a consensus rating of “Sell”.

Xcel Brands Stock Down 2.4%

The company has a debt-to-equity ratio of 0.87, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market cap of $5.51 million, a price-to-earnings ratio of -0.25 and a beta of 1.25. The firm has a 50 day simple moving average of $1.03 and a two-hundred day simple moving average of $1.55.

Xcel Brands (NASDAQ:XELB) last posted its earnings results on Thursday, August 13th. The textile maker reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.02). Xcel Brands had a negative return on equity of 109.17% and a negative net margin of 343.68%.The business had revenue of $1.12 million for the quarter, compared to the consensus estimate of $1.80 million. As a group, sell-side analysts expect that Xcel Brands, Inc will post -1.44 EPS for the current year.

Hedge Funds Weigh In On Xcel Brands

An institutional investor recently bought a new stake in Xcel Brands stock. Potomac Capital Management Inc. bought a new position in shares of Xcel Brands, Inc (NASDAQ:XELB) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 408,400 shares of the textile maker’s stock, valued at approximately $441,000. Potomac Capital Management Inc. owned 6.93% of Xcel Brands as of its most recent filing with the SEC. Hedge funds and other institutional investors own 18.55% of the company’s stock.

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.