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

ToughBuilt Industries, Inc. (NASDAQ:TBLT) shares rose 3.8% during trading on Monday . The company traded as high as $2.70 and last traded at $2.70. Approximately 917 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 96,452 shares. The stock had previously closed at $2.60.

ToughBuilt Industries Stock Performance

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

Insider Transactions at ToughBuilt Industries

In other ToughBuilt Industries news, major shareholder Rochel Soffer acquired 14,095 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was acquired at an average cost of $5.89 per share, for a total transaction of $83,019.55. Following the transaction, the insider now owns 117,666 shares of the company’s stock, valued at $693,052.74. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired a total of 38,323 shares of company stock valued at $234,871 over the last 90 days. 2.04% of the stock is owned by company insiders.

Hedge Funds Weigh In On ToughBuilt Industries

An institutional investor recently bought a new position in ToughBuilt Industries stock. Clear Street LLC purchased a new stake in ToughBuilt Industries, Inc. (NASDAQ:TBLT) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 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. 20.57% of the stock is owned by institutional investors.

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.