Retractable Technologies (NYSE:RVP) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Retractable Technologies (NYSE:RVP) in a research report report published on Tuesday. The brokerage issued a hold rating on the stock.

Retractable Technologies Price Performance

RVP stock opened at $0.60 on Tuesday. The firm has a 50 day simple moving average of $0.74 and a two-hundred day simple moving average of $0.95. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.57 and a quick ratio of 5.92. The stock has a market cap of $17.93 million, a PE ratio of -1.11 and a beta of 2.06. Retractable Technologies has a one year low of $0.56 and a one year high of $1.34.

Insider Buying and Selling at Retractable Technologies

In other Retractable Technologies news, CEO Thomas J. Shaw acquired 71,422 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was bought at an average price of $0.82 per share, with a total value of $58,566.04. Following the purchase, the chief executive officer now owns 14,743,907 shares of the company’s stock, valued at approximately $12,090,003.74. This trade represents a 0.49 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have bought 179,649 shares of company stock worth $143,163 over the last 90 days. Corporate insiders own 55.00% of the company’s stock.

Institutional Trading of Retractable Technologies

An institutional investor recently bought a new position in Retractable Technologies stock. PFG Investments LLC bought a new stake in Retractable Technologies, Inc. (NYSE:RVP) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 34,600 shares of the company’s stock, valued at approximately $27,000. PFG Investments LLC owned about 0.12% of Retractable Technologies at the end of the most recent quarter. Institutional investors own 7.58% of the company’s stock.

About Retractable Technologies

Retractable Technologies, Inc designs, develops, manufactures, and markets safety syringes and other safety medical products for the healthcare profession in the United States, rest of North and South America, and internationally. The company offers VanishPoint insulin syringes; tuberculin, insulin, and allergy antigen syringes; small diameter tube adapters; blood collection tube holders; allergy trays; IV safety catheters; Patient Safe syringes and Luer Caps; VanishPoint blood collection sets; EasyPoint needles; and VanishPoint autodisable syringes.