Rectitude (NASDAQ:RECT) Issues Quarterly Earnings Results
by Mitch Edgeman · The Markets DailyRectitude (NASDAQ:RECT – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, reports. The business had revenue of $10.47 million for the quarter.
Rectitude Stock Up 3.5%
Shares of Rectitude stock traded up $0.04 on Friday, hitting $1.19. The stock had a trading volume of 5,151 shares, compared to its average volume of 7,965. Rectitude has a one year low of $0.96 and a one year high of $4.98. The stock’s 50-day simple moving average is $1.26 and its two-hundred day simple moving average is $1.38.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Rectitude in a report on Friday, July 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.
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. Rectitude Holdings Ltd is based in SINGAPORE.