XCel Brands Inc (NASDAQ:XELB)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $1.80 and last traded at $2.00, with a volume of 18700 shares trading hands. The stock had previously closed at $2.40.
Separately, DA Davidson reiterated a “buy” rating on shares of XCel Brands in a report on Tuesday, May 15th.
The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.01 and a current ratio of 2.01. The firm has a market cap of $45.99 million, a price-to-earnings ratio of 26.11, a PEG ratio of 2.08 and a beta of 0.49.
XCel Brands (NASDAQ:XELB) last posted its earnings results on Monday, May 14th. The textile maker reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.02. XCel Brands had a negative net margin of 28.78% and a positive return on equity of 3.93%. The firm had revenue of $8.77 million during the quarter. analysts forecast that XCel Brands Inc will post 0.12 EPS for the current year.
An institutional investor recently raised its position in XCel Brands stock. ARS Investment Partners LLC raised its holdings in shares of XCel Brands Inc (NASDAQ:XELB) by 11.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 824,817 shares of the textile maker’s stock after acquiring an additional 81,752 shares during the quarter. ARS Investment Partners LLC owned approximately 4.48% of XCel Brands worth $2,639,000 as of its most recent filing with the Securities and Exchange Commission. 24.27% of the stock is owned by institutional investors.
XCel Brands Company Profile
Xcel Brands, Inc, together with its subsidiaries, operates as a consumer products company in the United States. The company designs, produces, licenses, markets, and sells branded apparel, footwear, accessories, jewelry, home goods, and other consumer products; and acquires consumer lifestyle brands, including the Isaac Mizrahi, the Judith Ripka, the H Halston, the C Wonder, and the Highline Collective brands.
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