ToughBuilt Industries launches 21 new SKUs into global handsaws segment

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TOUGHBUILT ($NASDAQ:TBLT): ToughBuilt Industries has launched 21 new SKUs into the global handsaws segment, beginning with a line of seven cutting tools featuring the company’s QuickSet Double-Edge Pull Saw. The new line will be available for purchase through a leading US home improvement retailer and across a global strategic network of partners and buying groups, servicing over 15,500 storefronts around the world. The QuickSet Double-Edge Pull Saw is the first ever safe-folding pull saw, and is designed for easy one-handed operation. The new line of cutting tools also includes the QuickSet Coping Saw, the QuickSet Panel Saw, the QuickSet Flush-Cut Saw, the QuickSet Dowel Saw, the QuickSet Jab Saw, and the QuickSet Hacksaw.

Price History

At the time of writing, media sentiment is mostly positive. On Monday, TOUGHBUILT INDUSTRIES stock opened at $2.1 and closed at $2.2, a rise of 8.9% from the previous closing price of $2.0. This launch is a significant expansion for the company, and investors are optimistic about the future potential of the company.

VI Analysis

TOUGHBUILT INDUSTRIES is a high risk investment in terms of financial and business aspects. The company’s fundamentals reflect its long term potential, below analysis on TOUGHBUILT INDUSTRIES are made simple by VI app. However, the company faces potential risks in several areas including its business model, competitive landscape, and financial stability.

Summary

If you’re looking for a company to invest in that is innovating and expanding globally, then you should consider ToughBuilt Industries. This move signals their commitment to becoming a leader in this market. And, at time of writing, media sentiment is mostly positive. So, there’s reason to believe that the stock price will continue to move up.