Ten-League International (NASDAQ:TLIH) Trading 6% Higher – Still a Buy?

Shares of Ten-League International Holdings Limited (NASDAQ:TLIH) traded up 6% during trading on Friday . The company traded as high as $0.41 and last traded at $0.4028. 89,871 shares traded hands during trading, a decline of 77% from the average session volume of 397,214 shares. The stock had previously closed at $0.38.

Analyst Ratings Changes

A number of brokerages recently issued reports on TLIH. Wall Street Zen raised shares of Ten-League International from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Weiss Ratings initiated coverage on shares of Ten-League International in a report on Wednesday, October 8th. They set a “sell (e-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Ten-League International presently has a consensus rating of “Sell”.

Ten-League International Trading Up 6.0%

The stock’s fifty day simple moving average is $0.42.

Ten-League International (NASDAQ:TLIH) last issued its earnings results on Wednesday, October 1st. The company reported $0.04 earnings per share for the quarter. The business 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.