Tokyo Lifestyle (NASDAQ:TKLF) Trading 8.2% Higher – Should You Buy?

Tokyo Lifestyle Co., Ltd. (NASDAQ:TKLF)’s share price was up 8.2% during mid-day trading on Friday . The company traded as high as $2.99 and last traded at $2.9760. Approximately 13,391 shares were traded during trading, a decline of 63% from the average daily volume of 35,725 shares. The stock had previously closed at $2.75.

Analyst Ratings Changes

Separately, Weiss Ratings cut Tokyo Lifestyle from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Tokyo Lifestyle currently has an average rating of “Sell”.

Tokyo Lifestyle Stock Performance

The firm’s 50 day simple moving average is $2.85 and its 200-day simple moving average is $3.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.31 and a current ratio of 1.24.

Hedge Funds Weigh In On Tokyo Lifestyle

An institutional investor recently bought a new position in Tokyo Lifestyle stock. Susquehanna International Group LLP purchased a new position in Tokyo Lifestyle Co., Ltd. (NASDAQ:TKLF) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 77,482 shares of the company’s stock, valued at approximately $298,000. Susquehanna International Group LLP owned approximately 1.83% of Tokyo Lifestyle at the end of the most recent reporting period.

About Tokyo Lifestyle

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.