Xcel Brands (NASDAQ:XELB) Stock Price Down 6.8% – Time to Sell?

Xcel Brands, Inc (NASDAQ:XELB) traded down 6.8% during mid-day trading on Tuesday . The stock traded as low as $1.47 and last traded at $1.50. 9,577 shares changed hands during trading, a decline of 79% from the average session volume of 45,058 shares. The stock had previously closed at $1.61.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Xcel Brands in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Xcel Brands presently has an average rating of “Hold” and a consensus target price of $3.00.

Xcel Brands Stock Down 6.8%

The stock has a fifty day moving average price of $1.59 and a 200-day moving average price of $1.42. The firm has a market cap of $8.84 million, a PE ratio of -0.19 and a beta of 1.00. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.51 and a current ratio of 0.51.

Hedge Funds Weigh In On Xcel Brands

Hedge funds have recently made changes to their positions in the business. DRW Securities LLC lifted its holdings in shares of Xcel Brands by 98.1% during the 4th quarter. DRW Securities LLC now owns 34,434 shares of the textile maker’s stock valued at $37,000 after acquiring an additional 17,053 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Xcel Brands during the 3rd quarter worth $88,000. Finally, Potomac Capital Management Inc. acquired a new stake in Xcel Brands in the 4th quarter valued at $441,000. Hedge funds and other institutional investors own 18.55% of the company’s stock.

Xcel Brands Company Profile

Xcel Brands, Inc (NASDAQ: XELB) is a lifestyle brand management company that acquires, develops and markets consumer product brands spanning fashion, entertainment and home categories. The company works with designers, celebrities and entertainment properties to create branded apparel, accessories, jewelry and home décor collections. Its portfolio includes licensed and proprietary brands such as Judith Ripka, Isaac Mizrahi and Simple Joys by Carter’s, among others.

The company’s business model centers on sourcing creative talent and intellectual property, then leveraging an in-house product development team to design collections that are manufactured by third-party partners.