Shares of Rectitude Holdings Ltd. (NASDAQ:RECT – Get Free Report) passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $1.28 and traded as high as $1.34. Rectitude shares last traded at $1.2810, with a volume of 7,497 shares changing hands.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded shares of Rectitude from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, September 28th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on RECT
Rectitude Stock Performance
The company has a debt-to-equity ratio of 0.15, a current ratio of 2.53 and a quick ratio of 1.93. The firm’s 50 day moving average price is $1.28 and its 200-day moving average price is $1.33.
About Rectitude
Rectitude Holdings Ltd. is a Singapore-based company that supplies a range of workplace safety, security and industrial products. Its offerings include personal protective equipment, safety gear, security products, hardware and tools, as well as electrical and other industrial-use items. The company also provides consumer-oriented products, including household and electronic goods. Rectitude serves customers through its product distribution and e-commerce activities, with operations focused primarily on Singapore and sales to customers in other markets.
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