Home / Consumer Goods / Consumer Goods Led by 3.82% Climb for Xcel Brands Inc (XELB) at Lunch Break on September 22

Consumer Goods Led by 3.82% Climb for Xcel Brands Inc (XELB) at Lunch Break on September 22

Xcel Brands Inc (XELB) has been a solid gainer for NYSE and NASDAQ listed companies trading in the consumer goods sector in morning action on September 22. At the lunch break, shares of XELB have risen 3.82% to $4.35 after closing the day prior at $4.19. In the first two and a half hours of trading, the stock has gone as high as $4.35 and as low as $4.24. Today’s rise has come with about 2,289 shares changing hands, compared to an average 30-day volume of 13,187 for Xcel Brands Inc. The price is currently below the 30-day volume weighted average price of $4.27 for XELB.

The share appreciation gives the company a market capitalization of $78.24 million based upon 18.67 million shares outstanding. It also means that XELB has a price-to-book ratio of 0.76:1.

In the past 52 weeks, shares of XELB have traded as low as $4.0 and as high as $9.0. Technical traders will take note that at $4.35, shares of XELB are trading below their 200-day MA at $5.71 and below their 50-day MA at $5.11. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is XELB?

Xcel Brands Inc with its subsidiaries is a brand management company. It is engaged in the design, licensing, marketing and retail sales of consumer brands including, Isaac Mizrahi Brand, Liz Claiborne New York Brand, and Judith Ripka brand. The company’s 85 employees are led by CEO Robert D'Loren from the corporate headquarters at 4th Floor, 475 Tenth Avenue in New York, NY.

For more information on XELB and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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