JE Cleantech (NASDAQ:JCSE) Stock Falls 1.9% – Should You Sell?

JE Cleantech Holdings Limited (NASDAQ:JCSE – Get Free Report)’s share price 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 changed hands during mid-day trading, an increase of 74% from the average daily volume of 12,441 shares. The stock had previously closed at $1.54.

Analyst Ratings Changes

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

Check Out Our Latest Research Report on JE Cleantech

JE Cleantech Price Performance

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

JE Cleantech (NASDAQ:JCSE – Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $0.13 earnings per share for the quarter. The company had revenue of $8.04 million for the quarter.

About JE Cleantech

(Get Free Report)

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.

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