ToughBuilt Industries (NASDAQ:TBLT) Shares Down 1%

Posted by ABMN Staff on Sep 19th, 2024

Shares of ToughBuilt Industries, Inc. (NASDAQ:TBLT – Get Free Report) fell 1% on Wednesday . The company traded as low as $2.50 and last traded at $2.50. 1,366 shares changed hands during trading, a decline of 99% from the average session volume of 104,345 shares. The stock had previously closed at $2.53.

ToughBuilt Industries Trading Down 1.0 %

The firm’s fifty day simple moving average is $3.73 and its 200 day simple moving average is $3.36. The company has a market cap of $1.59 million, a price-to-earnings ratio of -0.01 and a beta of 2.18.

Insiders Place Their Bets

In related news, major shareholder Rochel Soffer bought 14,095 shares of the stock in a transaction dated Monday, July 29th. The stock was acquired at an average price of $5.89 per share, for a total transaction of $83,019.55. Following the acquisition, the insider now owns 117,666 shares in the company, valued at approximately $693,052.74. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have purchased 38,323 shares of company stock valued at $234,871. 2.04% of the stock is owned by corporate insiders.

Institutional Trading of 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 – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,100 shares of the company’s stock, valued at approximately $27,000. Clear Street LLC owned about 0.80% of ToughBuilt Industries at the end of the most recent quarter. Institutional investors and hedge funds own 20.57% of the company’s stock.

About ToughBuilt Industries

(Get Free Report)

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.