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TheStreet Wire

Joe's Jeans Stock Soars (JOEZ)

By TheStreet Wire 02/29/12 - 10:27 AM EST

Find out if (JOEZ) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Shares of Joe's Jeans (Nasdaq:JOEZ) have taken a tremendous swing upward. The stock is trading at 89 cents as of 9:59 a.m. ET, 27.1% above Tuesday's closing price of 70 cents. Volume is at 874,520, 5.1 times the daily average of 170,800.

Joe's Jeans has a market cap of $44.8 million and is part of the consumer goods sector and consumer non-durables industry. Shares are up 33.3% year to date as of the close of trading on Tuesday.

Joe's Jeans Inc. engages in the design, development, and marketing of apparel products worldwide. Its product line comprises women's and men's denim jeans, pants, shirts, sweaters, jackets, and other apparel products under the Joe's brand.

TheStreet Ratings rates Joe's Jeans as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Joe's Jeans Ratings Report.

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