ToughBuilt Industries (NASDAQ:TBLT) Trading Down 0.9%

ToughBuilt Industries, Inc. (NASDAQ:TBLT)’s share price was down 0.9% on Wednesday . The company traded as low as $2.57 and last traded at $2.78. Approximately 41,581 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 88,358 shares. The stock had previously closed at $2.80.

ToughBuilt Industries Stock Down 0.9 %

The business’s 50-day simple moving average is $3.18 and its two-hundred day simple moving average is $7.51. The firm has a market cap of $1.75 million, a price-to-earnings ratio of -0.01 and a beta of 1.90.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ToughBuilt Industries stock. FNY Investment Advisers LLC acquired a new position in ToughBuilt Industries, Inc. (NASDAQ:TBLT) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 160,000 shares of the company’s stock, valued at approximately $25,000. FNY Investment Advisers LLC owned 28.07% of ToughBuilt Industries as of its most recent filing with the Securities & Exchange Commission. 20.57% of the stock is currently owned by hedge funds and other 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.