Rectitude (NASDAQ:RECT) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Rectitude Holdings Ltd. (NASDAQ:RECT)’s share price passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $1.35 and traded as low as $1.28. Rectitude shares last traded at $1.28, with a volume of 4,806 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Rectitude Trading Down 7.2%

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 company’s 50 day moving average price is $1.28 and its two-hundred day moving average price is $1.35.

Rectitude (NASDAQ:RECT) last released its earnings results on Thursday, July 30th. The company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $10.47 million during the quarter.

Rectitude Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, September 21st. Shareholders of record on Monday, September 7th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, September 4th.

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.

Rectitude Holdings was established in Singapore and has developed its business around the sourcing, distribution and sale of products used by commercial, industrial and household customers.