NASDAQ:RECT Rectitude (RECT) Stock Price, News & Analysis $3.24 +0.06 (+1.89%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$3.22▼$3.2650-Day Range$2.86▼$3.4852-Week Range$2.70▼$4.25Volume1,498 shsAverage Volume22,689 shsMarket Capitalization$46.98 millionP/E RatioN/ADividend YieldN/APrice TargetN/A Stock AnalysisStock AnalysisChartCompetitorsFinancialsOwnershipSEC FilingsShort InterestTrendsStock AnalysisChartCompetitorsFinancialsOwnershipSEC FilingsShort InterestTrends Get Rectitude alerts: Email Address Ad Deal MakerThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.Learn more about this much-needed advancement and investment opportunity here. About RectitudeRectitude 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.Read More RECT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RECT Stock News HeadlinesJuly 29, 2024 | globenewswire.comRectitude Holdings Ltd Announces Fiscal Year ended March 31, 2024 Full Year Financial ResultsJuly 9, 2024 | globenewswire.comRectitude Announces Opening of New Strategic Branch in 498 and 500 Geylang Road, SingaporeSeptember 7, 2024 | Deal Maker (Ad)The solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.June 24, 2024 | globenewswire.comRectitude Holdings Ltd Announces Closing of $8 Million Initial Public OfferingSee More Headlines Receive RECT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Rectitude and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Today9/07/2024Next Earnings (Estimated)11/04/2024Fiscal Year End3/31/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorIndustrial Products Industry Cutlery, handtools, & general hardware Sub-IndustryConstruction Materials Current SymbolNASDAQ:RECT CUSIPN/A CIK1995116 Webwww.rectitude.com.sg Phone65-6749-6647FaxN/AEmployeesN/AYear FoundedN/AProfitability EPS (Most Recent Fiscal Year)N/A Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity RatioN/A Current RatioN/A Quick RatioN/A Sales & Book Value Annual Sales$30.69 million Price / Sales1.53 Cash FlowN/A Price / Cash FlowN/A Book ValueN/A Price / BookN/AMiscellaneous Outstanding Shares14,500,000Free FloatN/AMarket Cap$46.98 million OptionableN/A BetaN/A 7 Stocks That Could Be Bigger Than Tesla, Nvidia, and GoogleGrowth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.Get This Free Report Key CompetitorsSmith-MidlandNASDAQ:SMIDAcme UnitedNYSE:ACUCaesarstoneNASDAQ:CSTEEnvivaNYSE:EVAMingteng InternationalNASDAQ:MTENView All CompetitorsInstitutional OwnershipFrank Rimerman Advisors LLCBought 14,000 shares on 8/14/2024Ownership: 0.097%View All Institutional Transactions RECT Stock Analysis - Frequently Asked Questions How have RECT shares performed this year? Rectitude's stock was trading at $3.70 at the start of the year. Since then, RECT stock has decreased by 12.4% and is now trading at $3.24. View the best growth stocks for 2024 here. When did Rectitude IPO? Rectitude (RECT) raised $8 million in an IPO on Friday, June 21st 2024. The company issued 2,000,000 shares at a price of $4.00 per share. When did the company's quiet period expire? Rectitude's quiet period expired on Wednesday, July 31st. Rectitude had issued 2,000,000 shares in its initial public offering on June 21st. The total size of the offering was $8,000,000 based on an initial share price of $4.00. During the company's quiet period, underwriters and any insiders that worked on the IPO were restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Now that the company's quiet period has ended, brokerages that served as underwriters are now able to initiate research on the company. Who are Rectitude's major shareholders? Rectitude's top institutional shareholders include Frank Rimerman Advisors LLC (0.10%). How do I buy shares of Rectitude? Shares of RECT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:RECT) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. 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