StockNews.com started coverage on shares of Retractable Technologies (NYSE:RVP – Free Report) in a research report report published on Saturday. The firm issued a hold rating on the stock.
Retractable Technologies Price Performance
NYSE RVP opened at $0.80 on Friday. Retractable Technologies has a 12 month low of $0.56 and a 12 month high of $1.34. The stock has a market cap of $23.89 million, a price-to-earnings ratio of -1.48 and a beta of 1.96. The company’s 50 day moving average is $0.74 and its two-hundred day moving average is $0.78. The company has a current ratio of 8.57, a quick ratio of 5.92 and a debt-to-equity ratio of 0.01.
Institutional Investors Weigh In On Retractable Technologies
A number of institutional investors have recently added to or reduced their stakes in the stock. PFG Investments LLC purchased a new position in shares of Retractable Technologies in the third quarter valued at $27,000. Renaissance Technologies LLC grew its holdings in shares of Retractable Technologies by 9.4% in the fourth quarter. Renaissance Technologies LLC now owns 361,253 shares of the company’s stock valued at $249,000 after purchasing an additional 31,140 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in shares of Retractable Technologies in the fourth quarter valued at $1,748,000. 7.58% of the stock is owned by hedge funds and other institutional investors.
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.
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