Jeans maker True Religion Apparel Inc , which has been hit by falling sales, said it may sell itself, after receiving interest from potential buyers.Shares in the company jumped 28 percent to $26.88 in premarket trade on Wednesday, valuing it at about $683 million. They had fallen by about a quarter in the last three months.True Religion has been hit by falling demand for its colorful jeans, which sell for up to $360 at specialty boutiques.Lower demand for its women's range in particular, including jeans and shirts with serape patterns, prints and colored stitching, forced the company to cut its full-year profit outlook in July.
True Religion Apparel, Inc. (True Religion) designs, markets, sells and distributes premium fashion apparel, centered on its core denim products using the brand name True Religion Brand Jeans. Shares of TRLG traded higher by 23.7% or $4.98/share to $25.99. In the past year, the shares have traded as low as $20.22 and as high as $37.82. On average, 405585 shares of TRLG exchange hands on a given day and today's volume is recorded at 2245090.
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