Rectitude (NASDAQ:RECT) Releases Earnings Results

Rectitude (NASDAQ:RECT) issued its quarterly earnings results on Thursday. The company reported $0.03 EPS for the quarter, reports. The business had revenue of $10.47 million for the quarter.

Rectitude Price Performance

Rectitude stock traded up $0.05 during trading on Thursday, hitting $1.15. The stock had a trading volume of 8,871 shares, compared to its average volume of 939,753. Rectitude has a 1 year low of $0.96 and a 1 year high of $4.98. The stock’s 50 day moving average is $1.26 and its two-hundred day moving average is $1.39.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Rectitude in a research report on Friday, July 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Rectitude currently 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.