ToughBuilt Industries (NASDAQ:TBLT) Trading Down 0.9%

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

ToughBuilt Industries Stock Down 2.4 %

The company has a market cap of $1.55 million, a P/E ratio of -0.01 and a beta of 1.90. The stock’s 50-day moving average price is $3.12 and its 200 day moving average price is $7.44.

Hedge Funds Weigh In On ToughBuilt Industries

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) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 160,000 shares of the company’s stock, valued at approximately $25,000. FNY Investment Advisers LLC owned about 28.07% of ToughBuilt Industries at the end of the most recent quarter. 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.