ToughBuilt Industries (NASDAQ:TBLT) Trading Up 0.4% – Should You Buy?

ToughBuilt Industries, Inc. (NASDAQ:TBLT)’s share price traded up 0.4% during mid-day trading on Tuesday . The company traded as high as $2.81 and last traded at $2.81. 444 shares were traded during trading, a decline of 99% from the average session volume of 83,757 shares. The stock had previously closed at $2.80.

ToughBuilt Industries Trading Up 1.1 %

The firm’s 50-day simple moving average is $2.68 and its 200 day simple moving average is $3.30. The stock has a market cap of $1.80 million, a P/E ratio of -0.01 and a beta of 2.18.

Institutional Investors Weigh In On ToughBuilt Industries

A hedge fund recently bought a new stake in ToughBuilt Industries stock. Clear Street LLC acquired a new stake in ToughBuilt Industries, Inc. (NASDAQ:TBLT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,100 shares of the company’s stock, valued at approximately $27,000. Clear Street LLC owned approximately 0.80% of ToughBuilt Industries at the end of the most recent reporting period. Institutional investors and hedge funds own 20.57% of the company’s stock.

About ToughBuilt Industries

ToughBuilt Industries, Inc engages in design, development, manufacture, and distribution of home improvement and construction products for the building industry in the United States and internationally. It offers tool pouches, tool rigs, tool belts and accessories, tools bags, totes, various storage solutions, and office organizers/bags for laptop/tablet/cellphones, etc.; and kneepads.