Rectitude (NASDAQ:RECT) Trading Up 3.2% - Should You Buy?

Key Points

• Rectitude Holdings Ltd. shares rose by 3.2%, trading at $3.59, with a significantly lower trading volume of 1,880 shares compared to its average of 29,968.
• The company has a debt-to-equity ratio of 0.14 and strong liquidity ratios, with a current ratio of 2.26 and a quick ratio of 1.64.
• Rectitude specializes in providing safety equipment and industrial hardware for construction, including personal protective gear and tools.

Rectitude Holdings Ltd. (NASDAQ:RECT - ) shares were up 3.2% on Friday . The stock traded as high as $3.65 and last traded at $3.59. Approximately 1,880 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 29,968 shares. The stock had previously closed at $3.48.

Rectitude Price Performance

The firm's 50-day moving average price is $4.38 and its two-hundred day moving average price is $4.41. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.26 and a quick ratio of 1.64.

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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