Joe's Jeans Hits 52-Week Low On Revenue Miss (JOEZ)

Shares of Commerce, California-based Joe's Jeans Inc.

are currently down 26% at $1.11 per share during Friday afternoon trading. Today's trading range for shares of Joe's Jeans Inc has been between a 52-week low of $1.00 and $1.22 per share. The consensus price target of analysts covering the company's stock is $2.00 per share. Volume of 6.5 million shares is more than 10 times the daily average volume of 585,000 shares. Joe's Jeans Inc. (

) released financial results after the market closed on Thursday that missed Wall Street revenue estimates. Joe's Jeans Inc reported 4th quarter earnings of 1cent per share, on revenue of $23.6 million. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 1 cent per share, on revenue of $28.57 million. Joe's Jeans Inc designs, produces and sells apparel and apparel-related products to the retail and premium markets under the Joe's brand and related trademarks. Read more