Tokyo Lifestyle (NASDAQ:TKLF) Shares Down 1.2% – Here’s What Happened

Tokyo Lifestyle Co., Ltd. (NASDAQ:TKLF) was down 1.2% during mid-day trading on Wednesday . The company traded as low as $1.99 and last traded at $2.0250. Approximately 18,293 shares were traded during mid-day trading, a decline of 27% from the average session volume of 24,973 shares. The stock had previously closed at $2.05.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Tokyo Lifestyle in a research note on Friday, May 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Tokyo Lifestyle Price Performance

The company’s 50 day simple moving average is $2.05 and its 200 day simple moving average is $2.51.

Tokyo Lifestyle (NASDAQ:TKLF) last announced its quarterly earnings data on Friday, June 12th. The company reported $0.13 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Tokyo Lifestyle

A hedge fund recently bought a new position in Tokyo Lifestyle stock. Susquehanna International Group LLP bought a new position in shares of Tokyo Lifestyle Co., Ltd. (NASDAQ:TKLF) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 filing with the Securities and Exchange Commission (SEC).

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.