American Apparel (APP) Releases Quarterly Earnings Results
American Apparel (NYSE:APP) posted its quarterly earnings results on Monday. The company reported ($0.09) earnings per share for the quarter, American Banking & Market News reports. The company had revenue of $162.40 million for the quarter, compared to the consensus estimate of $162.20 million.
On the ratings front, analysts at Standpoint Research reiterated a “buy” rating on shares of American Apparel in a research note on Thursday, July 10th. They now have a $2.00 price target on the stock.
Shares of American Apparel (NYSE:APP) traded up 5.64% on Monday, hitting $0.935. The stock had a trading volume of 1,983,099 shares. American Apparel has a one year low of $0.46 and a one year high of $1.77. The stock has a 50-day moving average of $0.96 and a 200-day moving average of $0.75. The company’s market cap is $162.2 million.
American Apparel, Inc is a vertically-integrated manufacturer, distributor and retailer of branded fashion basic apparel.
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