Rectitude (NASDAQ:RECT) Trading Down 5.1% – What’s Next?

Shares of Rectitude Holdings Ltd. (NASDAQ:RECTGet Free Report) fell 5.1% during trading on Friday . The stock traded as low as $1.79 and last traded at $1.85. 24,843 shares were traded during mid-day trading, an increase of 145% from the average session volume of 10,141 shares. The stock had previously closed at $1.95.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Rectitude in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Rectitude presently has a consensus rating of “Sell”.

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Rectitude Stock Down 5.1%

The company has a quick ratio of 1.64, a current ratio of 2.26 and a debt-to-equity ratio of 0.14. The company’s fifty day moving average is $2.56 and its 200 day moving average is $3.81.

Rectitude Company Profile

(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.

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