ToughBuilt Industries, Inc. a reported it has formally released product sales following an earlier distribution contract with Menards, Inc. (Menards®), a leading midwestern home improvement chain. A family-owned company started in 1958, Menards is headquartered in Eau Claire, Wisconsin and has over 300 home improvement stores located in Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, Wisconsin and Wyoming.
Michael Panosian, Chief Executive Officer of ToughBuilt, commented, “We are delighted to formally launch product sales within Menards, one of the leading U.S. home improvement chains, which dramatically expands our footprint across the U.S. into hundreds of retail locations. Under the contract, we will be supplying tools and accessories under both the ToughBuilt brand and private label. We are now supplying this retailer with over 75 different SKUs, which we expect to expand over time. In the short time since our launch, the feedback from our partner and consumer response has been extremely positive.
Shares of ToughBuilt Industries, Inc. (TBLT) moved 22.65% in the recent trading day. Last trading transaction put the stock price at $3.69. After going under observation of traders 3.41 million shares traded at hands. Volume gives an investor an inspiration of the price action of a security and whether he should buy or sell the security. The relative volume of the stock is 4.32 while its market cap is $0.03 billion.
If we look at the past company’s performance moves, then it recent movement are telling different stories about price movement in different time period. The stock has actually grown in the past week, as the company has gathered a 140.26% return in the past 5 trading days. The stock is strong among movers in the past month, as it showed 166.37% return
The stock’s market capitalization arrived at $36.274M and total traded volume was 3,409,221 shares. The stock has a 52-week highest price of $5.5500 and its 52-week lowest price was called at $0.8200. During last trade, its maximum trading price was registered $4.1300 and it’s the minimum trading price was noted $2.9500.