JE Cleantech (NASDAQ:JCSE) Stock Price Down 1.9% – Here’s Why

JE Cleantech Holdings Limited (NASDAQ:JCSE) shares dropped 1.9% during trading on Wednesday. The company traded as low as $1.51 and last traded at $1.51. Approximately 21,602 shares traded hands during trading, an increase of 74% from the average session volume of 12,441 shares. The stock had previously closed at $1.54.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised JE Cleantech from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 29th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company has an average rating of “Buy”.

JE Cleantech Stock Performance

The company has a current ratio of 1.87, a quick ratio of 1.51 and a debt-to-equity ratio of 0.12. The business’s 50-day simple moving average is $1.49 and its 200-day simple moving average is $1.32.

JE Cleantech (NASDAQ:JCSE) last released its quarterly earnings data on Tuesday, October 20th. The company reported $0.13 earnings per share for the quarter. The firm had revenue of $8.04 million for the quarter.

JE Cleantech Company Profile

JE Cleantech Holdings Limited is a Singapore-based cleantech company that provides commercial cleaning solutions and related services. The company serves customers in Singapore, including businesses and organizations that require equipment and operational support for cleaning, sanitation and waste-management activities.

Its products and services include commercial dishwashing systems, cleaning equipment, floor-cleaning machines and food-waste treatment systems. JE Cleantech also provides cleaning services and operates central-kitchen-related activities, including dishwashing and food-waste management services for institutional and commercial customers.

JE Cleantech conducts its operations primarily through subsidiaries in Singapore and has developed its business around the supply of cleaning equipment and the delivery of outsourced cleaning and kitchen-support services.