Yoshitsu (NASDAQ:TKLF) Shares Down 6.8% – Here’s What Happened

Shares of Yoshitsu Co., Ltd (NASDAQ:TKLF) dropped 6.8% on Wednesday . The company traded as low as $3.22 and last traded at $3.31. Approximately 36,172 shares changed hands during trading, a decline of 85% from the average daily volume of 245,575 shares. The stock had previously closed at $3.55.

Yoshitsu Stock Down 6.8 %

The company has a debt-to-equity ratio of 0.16, a current ratio of 1.31 and a quick ratio of 1.26. The company has a 50-day simple moving average of $3.76 and a 200-day simple moving average of $4.63.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Yoshitsu stock. Garden State Investment Advisory Services LLC acquired a new position in shares of Yoshitsu Co., Ltd (NASDAQ:TKLF) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 761,750 shares of the company’s stock, valued at approximately $445,000. Garden State Investment Advisory Services LLC owned about 18.04% of Yoshitsu as of its most recent SEC filing.

About Yoshitsu

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.