JE Cleantech (NASDAQ:JCSE) Shares Up 1.7% – Here’s Why

JE Cleantech Holdings Limited (NASDAQ:JCSE) traded up 1.7% during mid-day trading on Monday . The stock traded as high as $1.56 and last traded at $1.4850. Approximately 5,819 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 10,544 shares. The stock had previously closed at $1.46.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded JE Cleantech from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, July 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, JE Cleantech has a consensus rating of “Sell”.

JE Cleantech Price Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 1.81. The firm’s 50-day moving average price is $1.46 and its two-hundred day moving average price is $1.32.

JE Cleantech Company Profile

JE Cleantech Holdings Limited is a Singapore-based provider of commercial cleaning and environmental services. Through its subsidiaries, the company provides general cleaning services for public and private-sector customers, including facilities and premises that require recurring maintenance and sanitation.

The company also operates centralized dishwashing services for food-service establishments. This business is designed to provide outsourced washing and sanitation of tableware and kitchen items, helping customers manage cleaning requirements through dedicated service facilities.

In addition, JE Cleantech sells commercial cleaning equipment and related products.