Rectitude (NASDAQ:RECT) Stock Price Up 0.6% - Here's What Happened

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.

Rectitude Holdings Ltd. (NASDAQ:RECT - )'s stock price rose 0.6% on Wednesday . The company traded as high as $4.68 and last traded at $4.68. Approximately 1,457 shares changed hands 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 debt-to-equity ratio of 0.14, a current ratio of 2.26 and a quick ratio of 1.64. The company's 50-day simple moving average is $4.73 and its 200 day simple moving average is $4.56.

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.

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