ToughBuilt Industries (NASDAQ:TBLT) Trading 0.4% Higher – Still a Buy?

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

ToughBuilt Industries Stock Performance

The firm has a market capitalization of $1.80 million, a P/E ratio of -0.01 and a beta of 2.18. The firm has a 50 day moving average price of $2.68 and a two-hundred day moving average price of $3.30.

Hedge Funds 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 ToughBuilt Industries, Inc. (NASDAQ:TBLT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 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.