TOUGHBUILT INDU/SH (Nasdaq:TBLT)
June 11th, 2019
Amidst falling markets TOUGHBUILT INDU/SH fell ($0.05) Tuesday, down 10.01%, closing at $0.46. As well as the drop in value, TOUGHBUILT INDU/SH hit a new 52 week low of $0.42. TOUGHBUILT INDU/SH bounced 19.05% between high and low. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be -8.26.
TBLT was outperformed by the rest of the Consumer Discretionary sector which went up 0.33%.
The market sectors were mixed Tuesday with a majority of the sectors trending up. Consumer Staples saw the biggest increase of the day (0.41%), while the Industrials sector saw the biggest drop (-0.90%). Information Technology has seen the biggest year-to-date gain of 23.75%.
Industrials and Utilities saw turn-arounds from their five day positive performances with Industrials dropping -0.90%.
- Consumer Staples, up 0.41%.
- Consumer Discretionary, up 0.33%.
- Communication Services, up 0.29%.
- Real Estate, up 0.18%.
- Energy, up 0.12%.
- Information Technology, up 0.02%.
- Financials, stayed even 0.00%.
- Materials, down -0.07%.
- Healthcare, down -0.25%.
- Utilities, down -0.69%.
- Industrials, down -0.90%.
TOUGHBUILT INDU/SH Info
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. It also provides sawhorse line, miter saw, table saw, and roller stands; and sawhorse/jobsite tables; and gloves, and other tool belts and pouches. Toughbuilt Industries, Inc. offers its products under the TOUGHBUILT brand name through various home improvement big box stores, professional outlets, and direct marketing to construction companies and trade/ wholesale outlets. The company was formerly known as Phalanx, Inc. and changed its name to Toughbuilt Industries, Inc. in December 2015. Toughbuilt Industries, Inc. was founded in 2012 and is based in Lake Forest, California.
All amounts in USD unless otherwise indicated
(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that TOUGHBUILT INDU/SH’s score is -8.26) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.
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