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

Tokyo Lifestyle Co., Ltd. (NASDAQ:TKLF) shares traded down 1.2% during trading on Wednesday . The stock traded as low as $1.99 and last traded at $2.0250. Approximately 18,293 shares changed hands during 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 reaffirmed a “sell (d+)” rating on shares of Tokyo Lifestyle in a research report on Friday, May 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Tokyo Lifestyle Stock Performance

The stock’s 50-day simple moving average is $2.05 and its 200 day simple moving average is $2.50.

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

Institutional Investors Weigh In On Tokyo Lifestyle

An institutional investor recently bought a new stake in Tokyo Lifestyle stock. Susquehanna International Group LLP bought a new position in shares of Tokyo Lifestyle Co., Ltd. (NASDAQ:TKLF) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 77,482 shares of the company’s stock, valued at approximately $298,000. Susquehanna International Group LLP owned 1.83% of Tokyo Lifestyle at the end of the most recent quarter.

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.