TOUGHBUILT INDU/SH (NASDAQ:TBLT) Sees Unusually-High Trading Volume
Shares of TOUGHBUILT INDU/SH (NASDAQ:TBLT) saw unusually-strong trading volume on Wednesday . Approximately 652,750 shares changed hands during mid-day trading, a decline of 58% from the previous session’s volume of 1,542,319 shares.The stock last traded at $0.17 and had previously closed at $0.18.
The firm has a fifty day simple moving average of $0.23 and a 200-day simple moving average of $0.37. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 30.64.
A hedge fund recently raised its stake in TOUGHBUILT INDU/SH stock. Barclays PLC boosted its position in TOUGHBUILT INDU/SH (NASDAQ:TBLT) by 799.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 140,628 shares of the company’s stock after acquiring an additional 125,000 shares during the period. Barclays PLC owned 0.48% of TOUGHBUILT INDU/SH worth $44,000 as of its most recent SEC filing. 4.36% of the stock is currently owned by hedge funds and other institutional investors.
Toughbuilt Industries, Inc designs, 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, etc.; and kneepads.
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