Rectitude (NASDAQ:RECT) Shares Climb 0.3% – What’s Next?

Rectitude Holdings Ltd. (NASDAQ:RECT) was up 0.3% on Wednesday. The company traded as high as $1.25 and last traded at $1.2540. 1,565 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 2,950 shares. The stock had previously closed at $1.25.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Rectitude from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, September 28th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Rectitude has an average rating of “Sell”.

Rectitude Trading Up 2.4%

The business’s 50 day simple moving average is $1.27 and its 200 day simple moving average is $1.29. The company has a quick ratio of 1.93, a current ratio of 2.53 and a debt-to-equity ratio of 0.15.

Rectitude (NASDAQ:RECT) last announced its earnings results on Thursday, July 30th. The company reported $0.03 earnings per share for the quarter. The business had revenue of $10.47 million for the quarter.

Rectitude Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, September 21st. Shareholders of record on Monday, September 7th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, September 4th.

About Rectitude

Rectitude Holdings Ltd. is a Singapore-based provider of workplace safety products and related solutions. The company supplies personal protective equipment and other safety products used in industrial, construction, marine, and general workplace environments.

Its product offerings include safety footwear, helmets, gloves, protective eyewear, workwear, respiratory and hearing protection, fall-protection equipment, traffic-safety products, and spill-control supplies. Rectitude distributes these products to businesses and organizations seeking to meet workplace health and safety requirements.

The company primarily serves customers in Singapore and has developed distribution activities for safety products in selected markets in the region.