Rectitude (NASDAQ:RECT) Stock Price Breaks Below 200-Day Moving Average – Should You Sell?

Rectitude Holdings Ltd. (NASDAQ:RECT – Get Free Report) shares passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $1.35 and traded as low as $1.28. Rectitude shares last traded at $1.28, with a volume of 4,806 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Rectitude from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, September 28th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Rectitude currently has an average rating of “Sell”.

View Our Latest Stock Report on RECT

Rectitude Price Performance

The firm has a 50 day moving average price of $1.28 and a 200-day moving average price of $1.35. The company has a quick ratio of 1.93, a current ratio of 2.53 and a debt-to-equity ratio of 0.15.

Rectitude (NASDAQ:RECT – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.03 EPS for the quarter. The company had revenue of $10.47 million during the quarter.

Rectitude Announces Dividend

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

About Rectitude

(Get Free Report)

Rectitude Holdings Ltd. is a Singapore-based company that supplies a range of workplace safety, security and industrial products. Its offerings include personal protective equipment, safety gear, security products, hardware and tools, as well as electrical and other industrial-use items.

The company also provides consumer-oriented products, including household and electronic goods. Rectitude serves customers through its product distribution and e-commerce activities, with operations focused primarily on Singapore and sales to customers in other markets.

Rectitude Holdings was established in Singapore and has developed its business around the sourcing, distribution and sale of products used by commercial, industrial and household customers.

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