Rectitude (NASDAQ:RECT) Stock Price Down 1.6% – Here’s Why

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

Rectitude Stock Up 2.5%

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.65 and a current ratio of 2.25. The firm’s 50 day simple moving average is $1.47 and its 200 day simple moving average is $2.14.

Rectitude (NASDAQ:RECT) last posted its quarterly earnings data on Saturday, March 21st. The company reported $0.07 earnings per share for the quarter. The firm had revenue of $9.48 million for 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.