ToughBuilt Industries, Inc. (NASDAQ:TBLT) produced a 87.8% rally since recording the worst price of $0.82. Thanks to the latest -4.35% decrease, it now trades at $1.54. Throughout the trading on 3/4/2019, the share price floated between $1.51 and $1.66. This company shares are -100% up from its target price of $0 and the current market capitalization stands at $15.2M. The recent change has given its price a -20.56% deficit over SMA 50 and -72.25% deficit over its 52-week high. The stock witnessed -36.63% declines, 0% declines and 0% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found TBLT’s volatility during a week at 10.87% and during a month it has been found around 12.04%.
ToughBuilt Industries, Inc. (TBLT) on February 12, 2019 announced that it has partnered with WingPoint Group, a manufacturers’ consulting agency, to help launch and manage ToughBuilt’s Amazon online store front and overall online presence. WingPoint will also aid in expanding ToughBuilt’s product portfolio into new product categories, both online and offline.
WingPoint is a retail consultancy firm with over 18 years of experience and is comprised of former senior executives from Amazon, Google, and Best Buy. WingPoint specializes in ecommerce strategy, online and offline retail account management, and digital marketing.
Michael Panosian, Chief Executive Officer of ToughBuilt, commented, “We are pleased to partner with WingPoint, as they have an impressive track record driving online sales for a number of leading brands. Launching an Amazon storefront and our entry into other market places globally is an important next step in our strategy to grow our overall presence. In addition, we are adding new SKUs and expanding into new product categories, both online and offline, in order to leverage the strong brand loyalty among our customers.”
At the end of December reporting period, 4 institutional holders increased their position in ToughBuilt Industries, Inc. (NASDAQ:TBLT) by some 168,737 shares, decreased positions by and held positions by . That puts total institutional holdings at 168,737 shares, according to SEC filings. The stock grabbed 4 new institutional investments totaling 168,737 shares while institutional investors sold out their entire positions totaling shares.