Shares of Xcel Brands Inc (NASDAQ:XELB) traded at a new 52-week high today of $3.15. This new high was reached on above average trading volume as 2.6 million shares traded hands, while the average 30-day volume is approximately 567,000 shares.
Over the past year, Xcel Brands Inc has traded in a range of $0.40 to $3.15 and is now at $2.44, 510% above that low.
Xcel Brands Inc is a media and brand management company. It is primarily engaged in the design, merchandising and planning, sourcing and production, licensing, marketing, and brand development. The company offers branded apparel, footwear, accessories, jewelry, home goods, and other consumer products. Its brand portfolio consists of the Isaac Mizrahi, Judith Ripka, H Halston, C Wonder, and the Highline Collective brands. The company licenses its brands to third parties, provides certain design, production, and marketing services, and generates licensing, design, and service fee revenues through contractual arrangements and other agreements.
Based on a current price of $2.44, Xcel Brands Inc is currently 63.1% above its average consensus analyst price target of $0.90.
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