Rectitude (NASDAQ:RECT) Shares Up 2.8% – Should You Buy?

Rectitude Holdings Ltd. (NASDAQ:RECT) shares were up 2.8% on Thursday . The company traded as high as $1.33 and last traded at $1.2850. Approximately 1,535 shares changed hands during trading, a decline of 97% from the average daily volume of 53,423 shares. The stock had previously closed at $1.2504.

Analyst Ratings Changes

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

Rectitude Stock Up 2.8%

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

Rectitude (NASDAQ:RECT) last released its earnings results on Thursday, July 30th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $10.47 million during the quarter.

Rectitude Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, September 21st. Investors of record on Monday, September 7th will be given a $0.10 dividend. The ex-dividend date is Friday, September 4th.

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.