Xcel Brands (NASDAQ:XELB – Get Free Report) issued its quarterly earnings results on Thursday, August 13th. The textile maker reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.02), Zacks reports. Xcel Brands had a negative return on equity of 109.17% and a negative net margin of 343.68%.The company had revenue of $1.12 million for the quarter, compared to analysts’ expectations of $1.80 million.
Xcel Brands Stock Performance
Shares of Xcel Brands stock traded down $0.05 during trading hours on Friday, reaching $0.66. The company had a trading volume of 36,061 shares, compared to its average volume of 150,750. The firm has a market cap of $4.31 million, a PE ratio of -0.19 and a beta of 1.24. Xcel Brands has a one year low of $0.62 and a one year high of $2.66. 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 business has a fifty day simple moving average of $0.95 and a 200 day simple moving average of $1.52.
Analysts Set New Price Targets
Separately, Weiss Ratings cut Xcel Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, September 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.
Xcel Brands Company Profile
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.
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