Tokyo Lifestyle (NASDAQ:TKLF) Stock Price Down 1.5% – Here’s What Happened

Shares of Tokyo Lifestyle Co., Ltd. (NASDAQ:TKLFGet Free Report) were down 1.5% on Friday . The stock traded as low as $1.97 and last traded at $1.97. Approximately 3,005 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 179,306 shares. The stock had previously closed at $2.00.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Tokyo Lifestyle from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Tokyo Lifestyle presently has an average rating of “Sell”.

Read Our Latest Stock Report on Tokyo Lifestyle

Tokyo Lifestyle Trading Down 1.5%

The company has a current ratio of 1.30, a quick ratio of 1.22 and a debt-to-equity ratio of 0.28. The stock’s 50-day simple moving average is $2.06 and its 200 day simple moving average is $2.42.

Tokyo Lifestyle (NASDAQ:TKLFGet Free Report) last posted its quarterly earnings data on Friday, June 12th. The company reported $0.20 earnings per share for the quarter. The business had revenue of $91.40 million during the quarter.

Hedge Funds Weigh In On Tokyo Lifestyle

An institutional investor recently bought a new position in Tokyo Lifestyle stock. Susquehanna International Group LLP acquired a new position in shares of Tokyo Lifestyle Co., Ltd. (NASDAQ:TKLFFree Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 77,482 shares of the company’s stock, valued at approximately $298,000. Susquehanna International Group LLP owned 1.83% of Tokyo Lifestyle as of its most recent SEC filing.

About Tokyo Lifestyle

(Get Free Report)

Yoshitsu Co, Ltd engages in the retail and wholesale of beauty, health, and other products. It offers beauty products, such as cosmetics comprising of foundation, powder, concealer, makeup remover, eyeliner, eye shadow, brow powder, brow pencil, mascara, lip gloss, lipstick, and nail polish; skin care products consisting of facial cleanser, whitening products, sun block, moisturizer, facial mask, eye mask, eye gel, and exfoliating; and cosmetic applicators, such as brush, puff, curler, hair iron, and shaver products.

Further Reading

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