Somewhat Positive Media Coverage Somewhat Unlikely to Affect Xcel Brands (XELB) Share Price
News headlines about Xcel Brands (NASDAQ:XELB) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Xcel Brands earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave press coverage about the textile maker an impact score of 45.9755462128385 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Xcel Brands (NASDAQ:XELB) traded up $0.20 during trading hours on Tuesday, hitting $2.75. 7,100 shares of the company’s stock traded hands, compared to its average volume of 18,883. The firm has a market capitalization of $47.06, a P/E ratio of 19.61 and a beta of 0.45. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.19. Xcel Brands has a fifty-two week low of $1.80 and a fifty-two week high of $5.00.
Xcel Brands (NASDAQ:XELB) last posted its quarterly earnings results on Thursday, November 9th. The textile maker reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). The business had revenue of $7.89 million during the quarter, compared to analyst estimates of $10.49 million. Xcel Brands had a return on equity of 2.34% and a net margin of 8.92%.
Several equities analysts have commented on the stock. FBR & Co restated a “buy” rating and issued a $4.50 price target (up previously from $4.00) on shares of Xcel Brands in a research note on Thursday, August 10th. B. Riley restated a “buy” rating and issued a $4.50 price target on shares of Xcel Brands in a research note on Friday, November 10th. Finally, ValuEngine upgraded shares of Xcel Brands from a “hold” rating to a “buy” rating in a research note on Friday.
Xcel Brands Company Profile
Xcel Brands, Inc is a brand development and media company. The Company is engaged in the design, production, licensing, marketing, and direct to consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of consumer lifestyle brands.
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