Pacific Sunwear Plummets on Wider Loss

NEW YORK ( TheStreet) -- Shares of retailer Pacific Sunwear ( PSUN) fell more than 14% in trading Wednesday morning after it reported a fourth-quarter loss wider than a year earlier.

Pacific Sunwear on Tuesday reported a loss of $38.1 million, or 56 cents a share, compared with a year-earlier loss of $35.2 million, or 53 cents.

Shares of Pacific Sunwear fell 14.34% to $2.15 on about double the stock's average daily trading volume.

Twelve of the 17 analysts who cover Pacific Sunwear rated it hold. Two analysts gave the stock a buy rating and three rated it sell.

TheStreet Ratings gives Pacific Sunwear a D- grade and sell rating. The stock has risen 26.89% year to date.

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-- Written by Alexandra Zendrian

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