Rectitude (NASDAQ:RECT) Share Price Breaks Above Fifty Day Moving Average – Should You Sell?

Rectitude Holdings Ltd. (NASDAQ:RECT)’s share price crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $1.28 and traded as high as $1.34. Rectitude shares last traded at $1.2810, with a volume of 7,497 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Rectitude from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, September 28th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Rectitude Stock Up 0.9%

The company has a quick ratio of 1.93, a current ratio of 2.53 and a debt-to-equity ratio of 0.15. The firm has a fifty day simple moving average of $1.28 and a 200-day simple moving average of $1.33.

Rectitude Company Profile

Rectitude Holdings Ltd. is a Singapore-based company that supplies a range of workplace safety, security and industrial products. Its offerings include personal protective equipment, safety gear, security products, hardware and tools, as well as electrical and other industrial-use items. The company also provides consumer-oriented products, including household and electronic goods. Rectitude serves customers through its product distribution and e-commerce activities, with operations focused primarily on Singapore and sales to customers in other markets.