ToughBuilt Industries (NASDAQ:TBLT) Shares Up 0.4% – Time to Buy?

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

ToughBuilt Industries Stock Up 0.4 %

The firm has a market cap of $1.77 million, a PE ratio of -0.01 and a beta of 2.18. The company’s fifty day moving average price is $2.67 and its two-hundred day moving average price is $3.30.

Institutional Trading of ToughBuilt Industries

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

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.