Tokyo Lifestyle (NASDAQ:TKLF) Stock Price Down 25.1% – Here’s What Happened

Shares of Tokyo Lifestyle Co., Ltd. (NASDAQ:TKLF) were down 25.1% on Wednesday . The stock traded as low as $2.13 and last traded at $2.21. Approximately 136,929 shares traded hands during mid-day trading, an increase of 4,081% from the average daily volume of 3,275 shares. The stock had previously closed at $2.95.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Tokyo Lifestyle from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Tokyo Lifestyle Stock Down 25.1%

The business has a 50 day moving average price of $3.01 and a 200-day moving average price of $3.11. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.20 and a current ratio of 1.24.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Tokyo Lifestyle stock. Susquehanna International Group LLP acquired a new stake in Tokyo Lifestyle Co., Ltd. (NASDAQ:TKLF) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 77,482 shares of the company’s stock, valued at approximately $298,000. Susquehanna International Group LLP owned about 1.83% of Tokyo Lifestyle at the end of the most recent reporting period.

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.