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

Shares of Commerce, California-based Joe's Jeans Inc. JOEZ 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. (JOEZ) 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 from Benzinga's Company news.