Xcel Brands (NASDAQ:XELB) Stock Price Down 4.8% – Here’s Why

Xcel Brands, Inc (NASDAQ:XELB) shares fell 4.8% on Tuesday . The stock traded as low as $1.13 and last traded at $1.1420. 28,804 shares were traded during mid-day trading, a decline of 93% from the average session volume of 442,163 shares. The stock had previously closed at $1.20.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Xcel Brands in a research note on Wednesday, October 8th. Maxim Group initiated coverage on shares of Xcel Brands in a research report on Tuesday, September 23rd. They set a “buy” rating and a $3.00 price target for the company. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $3.00.

Xcel Brands Trading Down 4.8%

The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.52. The stock has a market cap of $5.44 million, a P/E ratio of -0.12 and a beta of 0.91. The firm’s 50-day simple moving average is $1.60 and its 200 day simple moving average is $1.79.

Xcel Brands Company Profile

Xcel Brands, Inc, together with its subsidiaries, operates as a media and consumer products company in the United States. The company designs, produces, markets, wholesales, and sells branded apparel, footwear, accessories, jewelry, home goods, and other consumer products; and acquires consumer lifestyle brands, including the Isaac Mizrahi, the LOGO by Lori Goldstein, the Judith Ripka, the Halston brand, the C Wonder, the TowerHill by Christie Brinkley brand (the CB brand), and other brands, as well as manages the Longaberger brand.