Weiss Ratings Reaffirms Sell (D) Rating for Rectitude (NASDAQ:RECT)

Key Points

• Weiss Ratings has reaffirmed a sell (D) rating for Rectitude Holdings (NASDAQ:RECT) in a recent research note.
• The stock opened at $3.74 on Wednesday, with a 12-month high of $7.68 and a low of $2.78.
• Rectitude Holdings provides a wide range of safety equipment, including personal protective gear and industrial hardware.

Rectitude (NASDAQ:RECT - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Rectitude Stock Performance

NASDAQ RECT opened at $3.74 on Wednesday. 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 business's 50 day moving average is $4.23 and its two-hundred day moving average is $4.40. Rectitude has a 12-month low of $2.78 and a 12-month high of $7.68.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.