Ten-League International (NASDAQ:TLIH) Shares Up 9.2% – Here’s Why

Shares of Ten-League International Holdings Limited (NASDAQ:TLIH) shot up 9.2% during trading on Thursday . The company traded as high as $0.4697 and last traded at $0.4371. 173,664 shares changed hands during mid-day trading, an increase of 106% from the average session volume of 84,309 shares. The stock had previously closed at $0.4001.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wall Street Zen upgraded Ten-League International from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Weiss Ratings assumed coverage on Ten-League International in a research report on Wednesday, October 8th. They issued a “sell (e-)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Ten-League International presently has an average rating of “Sell”.

Ten-League International Trading Up 9.2%

The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 1.06. The stock has a fifty day moving average price of $0.41 and a two-hundred day moving average price of $0.72.

Ten-League International (NASDAQ:TLIH) last posted its earnings results on Wednesday, October 1st. The company reported $0.04 EPS for the quarter. The business had revenue of $14.83 million during the quarter.

About Ten-League International

Ten-League International, Inc is a manufacturer and distributor of hair care and beauty enhancement products serving both retail consumers and professional salons. The company’s offerings include wigs, hair extensions, hair systems, toupees and related accessories designed to address styling, medical and cosmetic needs.

Products are marketed under the Ten-League and True Glory brands, with distribution through e-commerce platforms, specialty beauty supply retailers and a network of salon partners.