Ten-League International (NASDAQ:TLIH) Shares Up 9.2% – Should You Buy?

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on TLIH shares. 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. Wall Street Zen raised shares of Ten-League International from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Ten-League International Stock Up 9.2%

The company has a debt-to-equity ratio of 1.06, a current ratio of 0.70 and a quick ratio of 0.51. 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 announced its quarterly earnings data on Wednesday, October 1st. The company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $14.83 million for 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.