JE Cleantech (NASDAQ:JCSE) Stock Price Up 2.6% – What’s Next?

JE Cleantech Holdings Limited (NASDAQ:JCSE)’s share price rose 2.6% during mid-day trading on Tuesday. The company traded as high as $1.55 and last traded at $1.55. 6,809 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 8,903 shares. The stock had previously closed at $1.51.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of JE Cleantech from a “sell (d+)” rating to a “hold (c+)” rating in a research report on Friday, September 25th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, JE Cleantech presently has an average rating of “Hold”.

JE Cleantech Stock Performance

The firm’s 50 day simple moving average is $1.47 and its 200-day simple moving average is $1.36.

JE Cleantech Company Profile

JE Cleantech Holdings Limited is a Singapore-based provider of commercial cleaning and environmental services. Through its operating subsidiaries, the company offers centralized dishwashing services, general cleaning services and related support for customers such as food-service establishments, commercial properties and other facilities.

The company also designs, manufactures and sells cleaning equipment and systems. Its product and service offerings include commercial dishwashing equipment, general cleaning machinery and wastewater treatment systems intended to support more efficient facility operations and environmental management.

JE Cleantech primarily serves customers in Singapore and has built its business around providing outsourced cleaning solutions and equipment to commercial and institutional clients.