Rectitude (NASDAQ:RECT) Trading 2.8% Higher – What’s Next?

by · The Markets Daily

Rectitude Holdings Ltd. (NASDAQ:RECT – Get Free Report)’s stock price shot up 2.8% during trading on Thursday . The company traded as high as $1.33 and last traded at $1.2850. 1,535 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 53,423 shares. The stock had previously closed at $1.2504.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Rectitude from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Read Our Latest Stock Report on Rectitude

Rectitude Trading Up 5.1%

The company has a current ratio of 2.53, a quick ratio of 1.93 and a debt-to-equity ratio of 0.15. The stock has a 50-day simple moving average of $1.24 and a 200 day simple moving average of $1.32.

Rectitude (NASDAQ:RECT – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.03 earnings per share for the quarter. The firm had revenue of $10.47 million during the quarter.

Rectitude Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, September 21st. Stockholders of record on Monday, September 7th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, September 4th.

About Rectitude

(Get Free Report)

Rectitude Holdings Ltd is principally involved in the provision of safety equipment, encompassing essential items such as personal protective clothing, gloves, safety footwear, personal fall arrest systems, portable fire extinguishers and traffic products. The Company also offers auxiliary products such as industrial hardware tools and electrical hardware required for construction sites. Rectitude Holdings Ltd is based in SINGAPORE.

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