Joe's Jeans Stock Soars (JOEZ)

NEW YORK ( TheStreet) -- Shares of Joe's Jeans (Nasdaq: JOEZ) have taken a tremendous swing upward. The stock is trading at $1.52 as of 9:30 a.m. ET, 22.6% above Thursday's closing price of $1.24. Volume is at 104,342, 0.2 times the daily average of 506,600.

Joe's Jeans has a market cap of $84.1 million and is part of the consumer goods sector and consumer non-durables industry. Shares are up 136.2% year to date as of the close of trading on Thursday.

Joe's Jeans Inc. designs, produces, and sells apparel and apparel-related 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 revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. You can view the full Joe's Jeans Ratings Report.

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