Tokyo Lifestyle (NASDAQ:TKLF) Stock Price Down 1.5% – Time to Sell?

Tokyo Lifestyle Co., Ltd. (NASDAQ:TKLF) shares dropped 1.5% during trading on Friday . The stock traded as low as $1.97 and last traded at $1.97. Approximately 3,005 shares were traded 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 report on Thursday, July 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Tokyo Lifestyle presently has a consensus rating of “Sell”.

Tokyo Lifestyle Stock Performance

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

Tokyo Lifestyle (NASDAQ:TKLF) last announced its earnings results on Friday, June 12th. The company reported $0.20 EPS for the quarter. The company had revenue of $91.40 million during the quarter.

Hedge Funds Weigh In On Tokyo Lifestyle

An institutional investor recently bought a new stake in Tokyo Lifestyle stock. Susquehanna International Group LLP acquired 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 acquired 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.

Tokyo Lifestyle Company Profile

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.