JE Cleantech (NASDAQ:JCSE) Stock Falls 1.9% – Should You Sell?

JE Cleantech Holdings Limited (NASDAQ:JCSE – Get Free Report) was down 1.9% on Wednesday. The stock traded as low as $1.51 and last traded at $1.51. 21,602 shares were traded during mid-day trading, an increase of 74% from the average daily volume of 12,441 shares. The stock had previously closed at $1.54.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded JE Cleantech from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 29th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

View Our Latest Research Report on JE Cleantech

JE Cleantech Trading Down 1.9%

The firm has a fifty day simple moving average of $1.49 and a 200-day simple moving average of $1.32. The company has a current ratio of 1.87, a quick ratio of 1.51 and a debt-to-equity ratio of 0.12.

JE Cleantech (NASDAQ:JCSE – Get Free Report) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $0.13 earnings per share for the quarter. The company had revenue of $8.04 million for the quarter.

JE Cleantech Company Profile

(Get Free Report)

JE Cleantech Holdings Limited is a Singapore-based cleantech company that provides commercial cleaning solutions and related services. The company serves customers in Singapore, including businesses and organizations that require equipment and operational support for cleaning, sanitation and waste-management activities.

Its products and services include commercial dishwashing systems, cleaning equipment, floor-cleaning machines and food-waste treatment systems. JE Cleantech also provides cleaning services and operates central-kitchen-related activities, including dishwashing and food-waste management services for institutional and commercial customers.

JE Cleantech conducts its operations primarily through subsidiaries in Singapore and has developed its business around the supply of cleaning equipment and the delivery of outsourced cleaning and kitchen-support services.

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