Tokyo Lifestyle (NASDAQ:TKLF) Shares Climb 3.2% – Time to Buy?

Tokyo Lifestyle Co., Ltd. (NASDAQ:TKLF) shares shot up 3.2% during mid-day trading on Thursday. The company traded as high as $1.5850 and last traded at $1.4550. Approximately 8,450 shares were traded during trading, a decline of 34% from the average daily volume of 12,855 shares. The stock had previously closed at $1.41.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tokyo Lifestyle in a research note on Wednesday, October 14th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Tokyo Lifestyle has an average rating of “Sell”.

Tokyo Lifestyle Price Performance

The company has a 50 day simple moving average of $1.65 and a 200-day simple moving average of $1.94. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.22 and a current ratio of 1.30.

Insider Activity at Tokyo Lifestyle

In other Tokyo Lifestyle news, Director Mei Kanayama acquired 1,396,755 shares of the stock in a transaction dated Tuesday, September 29th. The stock was purchased at an average cost of $0.27 per share, for a total transaction of $377,123.85. Following the acquisition, the director owned 8,613,191 shares in the company, valued at $2,325,561.57. The trade was a 19.36% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders have purchased 1,406,555 shares of company stock worth $394,764 over the last quarter. Company insiders own 75.39% of the company’s stock.

Tokyo Lifestyle Company Profile

Tokyo Lifestyle Co, Ltd. (NASDAQ: TKLF) is a Japan-based retailer specializing in beauty, health and lifestyle products. The company operates through physical retail stores and e-commerce channels, offering products such as cosmetics, skincare items, fragrances, personal-care goods, health products and other daily necessities.

The company has historically operated under the name Yoshitsu Co, Ltd. and has served customers in Japan and selected overseas markets through retail locations and online sales platforms.