Rectitude (NASDAQ:RECT) Stock Price Down 1.6% – What’s Next?

Rectitude Holdings Ltd. (NASDAQ:RECT)’s share price dropped 1.6% on Monday . The company traded as low as $1.1350 and last traded at $1.21. Approximately 5,903 shares changed hands during mid-day trading, an increase of 55% from the average daily volume of 3,818 shares. The stock had previously closed at $1.23.

Rectitude Price Performance

The firm’s 50-day moving average is $1.48 and its two-hundred day moving average is $2.16. The company has a quick ratio of 1.65, a current ratio of 2.25 and a debt-to-equity ratio of 0.13.

Rectitude (NASDAQ:RECT) last announced its quarterly earnings data on Friday, March 20th. The company reported $0.07 EPS for the quarter. The firm had revenue of $9.48 million during the quarter.

Rectitude Company Profile

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.