ToughBuilt Industries (NASDAQ:TBLT) Shares Up 3.8% – Here’s What Happened

ToughBuilt Industries, Inc. (NASDAQ:TBLT)’s share price traded up 3.8% during mid-day trading on Monday . The stock traded as high as $2.70 and last traded at $2.70. 917 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 96,452 shares. The stock had previously closed at $2.60.

ToughBuilt Industries Price Performance

The stock has a market capitalization of $1.69 million, a price-to-earnings ratio of -0.01 and a beta of 2.20. The stock has a 50-day moving average of $2.62 and a 200 day moving average of $3.26.

Insider Activity

In other ToughBuilt Industries news, major shareholder Rochel Soffer purchased 11,728 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was acquired at an average cost of $5.86 per share, with a total value of $68,726.08. Following the completion of the purchase, the insider now directly owns 103,571 shares in the company, valued at approximately $606,926.06. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have acquired 38,323 shares of company stock valued at $234,871. 2.04% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ToughBuilt Industries

An institutional investor recently bought a new position in ToughBuilt Industries stock. Clear Street LLC bought a new position in shares of ToughBuilt Industries, Inc. (NASDAQ:TBLT) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 5,100 shares of the company’s stock, valued at approximately $27,000. Clear Street LLC owned 0.80% of ToughBuilt Industries at the end of the most recent quarter. 20.57% of the stock is owned by institutional investors and hedge funds.

ToughBuilt Industries Company Profile

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.