ToughBuilt Industries (NASDAQ:TBLT) Stock Price Down 1%

ToughBuilt Industries, Inc. (NASDAQ:TBLT) fell 1% on Monday . The company traded as low as $2.91 and last traded at $3.02. 28,746 shares changed hands during trading, a decline of 65% from the average session volume of 81,972 shares. The stock had previously closed at $3.05.

ToughBuilt Industries Price Performance

The firm has a market capitalization of $1.75 million, a price-to-earnings ratio of -0.01 and a beta of 1.97. The business’s fifty day simple moving average is $2.68 and its 200 day simple moving average is $5.57.

Institutional Trading of ToughBuilt Industries

A hedge fund recently bought a new stake in ToughBuilt Industries stock. FNY Investment Advisers LLC acquired a new stake in shares of ToughBuilt Industries, Inc. (NASDAQ:TBLT) during the fourth quarter, according to its most recent filing with the SEC. The fund 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 SEC. 20.57% of the stock is 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.