Shares of ToughBuilt Industries, Inc. (NASDAQ:TBLT – Get Rating) rose 5.3% during trading on Monday . The stock traded as high as $2.22 and last traded at $2.17. Approximately 463,988 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 549,330 shares. The stock had previously closed at $2.06.
ToughBuilt Industries Trading Up 5.3 %
The company has a market cap of $26.75 million, a PE ratio of -0.05 and a beta of 2.85. The company's 50 day moving average is $2.23 and its 200 day moving average is $2.98.
Get ToughBuilt Industries alerts:ToughBuilt Industries (NASDAQ:TBLT – Get Rating) last posted its quarterly earnings results on Monday, November 14th. The company reported ($0.94) EPS for the quarter, missing the consensus estimate of ($0.93) by ($0.01). The company had revenue of $30.25 million during the quarter, compared to analysts' expectations of $20.50 million. ToughBuilt Industries had a negative return on equity of 102.15% and a negative net margin of 34.65%. Analysts expect that ToughBuilt Industries, Inc. will post -6.75 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its position in ToughBuilt Industries by 387.3% during the 1st quarter. Renaissance Technologies LLC now owns 4,465,800 shares of the company's stock valued at $779,000 after purchasing an additional 3,549,411 shares during the period. Citadel Advisors LLC purchased a new position in ToughBuilt Industries during the 2nd quarter valued at about $178,000. Millennium Management LLC increased its position in ToughBuilt Industries by 265.0% during the 2nd quarter. Millennium Management LLC now owns 61,390 shares of the company's stock valued at $137,000 after purchasing an additional 44,573 shares during the period. State Street Corp purchased a new position in ToughBuilt Industries during the 3rd quarter valued at about $101,000. Finally, TriaGen Wealth Management LLC purchased a new position in ToughBuilt Industries during the 2nd quarter valued at about $68,000. Hedge funds and other institutional investors own 11.16% of the company's stock.About ToughBuilt Industries
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ToughBuilt Industries, Inc designs, develops, manufactures, and distributes 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.
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