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Rectitude (NASDAQ:RECT) Trading Up 0.6% - Here's Why

Rectitude logo with Industrials background

Key Points

  • Rectitude Holdings Ltd. (NASDAQ:RECT) saw its stock price increase by 0.6% on Wednesday, closing at $4.68 after trading as high as this price.
  • The company traded 1,457 shares during this period, which is a 9% decline from its average daily volume of 1,598 shares.
  • Rectitude specializes in safety equipment, offering products such as personal protective clothing and industrial hardware for construction sites.
  • MarketBeat previews the top five stocks to own by October 1st.

Shares of Rectitude Holdings Ltd. (NASDAQ:RECT - Get Free Report) were up 0.6% on Wednesday . The stock traded as high as $4.68 and last traded at $4.68. Approximately 1,457 shares were traded during trading, a decline of 9% from the average daily volume of 1,598 shares. The stock had previously closed at $4.65.

Rectitude Price Performance

The company has a current ratio of 2.26, a quick ratio of 1.64 and a debt-to-equity ratio of 0.14. The firm's 50 day simple moving average is $4.72 and its two-hundred day simple moving average is $4.52.

About Rectitude

(Get Free Report)

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.

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