NEW YORK ( TheStreet) -- Shares of Joe's Jeans (Nasdaq: JOEZ) were gapping down Friday morning with an open price 19.3% lower than Thursday's closing price. The stock closed at $1.50 Thursday and opened today's trading at $1.21. The average volume for Joe's Jeans has been 565,900 shares per day over the past 30 days. Joe's Jeans has a market cap of $97.6 million and is part of the consumer goods sector and consumer non-durables industry.

Joe's Jeans Inc. engages in the design, development, and marketing of apparel products worldwide. Its product line comprises women's, men's, and children's denim jeans, pants, shirts, sweaters, jackets, and other apparel products under the Joe's brand. The company has a P/E ratio of 4.1, below the average consumer non-durables industry P/E ratio of 4.3 and below the S&P 500 P/E ratio of 23.5.

TheStreet Ratings rates Joe's Jeans as hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Joe's Jeans Ratings Report.

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