Tokyo Lifestyle (NASDAQ:TKLF) Shares Up 8.2% – Should You Buy?

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

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Tokyo Lifestyle from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Tokyo Lifestyle Stock Up 8.2%

The company’s 50 day moving average price is $2.85 and its 200-day moving average price 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.

Institutional Investors Weigh In On Tokyo Lifestyle

A hedge fund recently bought a new stake in Tokyo Lifestyle stock. Susquehanna International Group LLP acquired a new position in shares of Tokyo Lifestyle Co., Ltd. (NASDAQ:TKLF) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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

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.