Shares of XCel Brands Inc (NASDAQ:XELB) were up 11.1% during mid-day trading on Monday . The stock traded as high as $3.50 and last traded at $3.50, approximately 543,631 shares changed hands during trading. An increase of 888% from the average daily volume of 55,036 shares. The stock had previously closed at $3.15.

Several equities research analysts have recently issued reports on XELB shares. ValuEngine lowered shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research raised shares of HANNOVER RUECK/S from a “sell” rating to a “hold” rating in a research note on Friday, May 17th.

The firm has a 50 day moving average price of $1.74. The company has a quick ratio of 1.30, a current ratio of 1.40 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $66.21 million, a price-to-earnings ratio of 13.45, a PEG ratio of 1.06 and a beta of 1.28.

XCel Brands (NASDAQ:XELB) last posted its earnings results on Tuesday, May 14th. The textile maker reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. XCel Brands had a net margin of 1.94% and a return on equity of 3.90%. The business had revenue of $10.30 million for the quarter, compared to analyst estimates of $11.00 million. As a group, equities analysts predict that XCel Brands Inc will post 0.33 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of XELB. ARS Investment Partners LLC lifted its stake in XCel Brands by 16.9% in the 1st quarter. ARS Investment Partners LLC now owns 443,293 shares of the textile maker’s stock valued at $754,000 after buying an additional 64,240 shares in the last quarter. Deutsche Bank AG purchased a new position in XCel Brands in the 4th quarter valued at about $57,000. Weber Alan W purchased a new position in XCel Brands in the 1st quarter valued at about $68,000. SG Capital Management LLC purchased a new position in XCel Brands in the 1st quarter valued at about $43,000. Finally, Legacy Advisors LLC lifted its stake in XCel Brands by 1.4% in the 2nd quarter. Legacy Advisors LLC now owns 565,725 shares of the textile maker’s stock valued at $820,000 after buying an additional 8,000 shares in the last quarter. 16.47% of the stock is currently owned by hedge funds and other institutional investors.

XCel Brands Company Profile (NASDAQ:XELB)

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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