ToughBuilt Industries (NASDAQ:TBLT) Trading Down 6.3%

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ToughBuilt Industries, Inc. (NASDAQ:TBLT)’s share price fell 6.3% on Wednesday . The stock traded as low as $1.00 and last traded at $1.05. 7,174,685 shares were traded during mid-day trading, an increase of 9% from the average session volume of 6,610,786 shares. The stock had previously closed at $1.12.

The stock has a market cap of $42.30 million, a P/E ratio of -0.64 and a beta of 0.83. The firm’s fifty day moving average price is $0.83 and its two-hundred day moving average price is $0.76.

A hedge fund recently bought a new stake in ToughBuilt Industries stock. Jane Street Group LLC acquired a new position in shares of ToughBuilt Industries, Inc. (NASDAQ:TBLT) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 236,995 shares of the company’s stock, valued at approximately $184,000. Jane Street Group LLC owned approximately 1.34% of ToughBuilt Industries at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.69% of the company’s stock.

About ToughBuilt Industries (NASDAQ:TBLT)

ToughBuilt Industries, Inc designs, develops, manufactures, and distributes home improvement and construction products for the building industry in the United States and internationally. The company offers tool pouches, tool rigs, tool belts and accessories, tools bags, totes, various storage solutions, and office organizers/bags for laptop/tablet/cellphones; and kneepads.

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