ToughBuilt Industries (NASDAQ:TBLT) Trading 7.9% Higher

ToughBuilt Industries, Inc. (NASDAQ:TBLT)’s share price rose 7.9% during trading on Tuesday . The company traded as high as $2.50 and last traded at $2.45. Approximately 1,882 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 112,880 shares. The stock had previously closed at $2.27.

ToughBuilt Industries Stock Performance

The company has a market capitalization of $1.54 million, a PE ratio of -0.01 and a beta of 2.23. The firm’s 50-day simple moving average is $4.33 and its 200 day simple moving average is $3.51.

Insider Buying and Selling

In related news, major shareholder Rochel Soffer bought 14,095 shares of the company’s stock in a transaction on Monday, July 29th. The stock was bought at an average cost of $5.89 per share, with a total value of $83,019.55. Following the completion of the acquisition, the insider now owns 117,666 shares in the company, valued at approximately $693,052.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have purchased 38,323 shares of company stock valued at $234,871. Corporate insiders own 2.04% of the company’s stock.

Institutional Inflows and Outflows

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

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.