Retractable Technologies (NYSE:RVP) Trading Down 1.5% – Should You Sell?

Shares of Retractable Technologies, Inc. (NYSE:RVP) traded down 1.5% during mid-day trading on Friday . The company traded as low as $0.6549 and last traded at $0.6602. 9,202 shares were traded during trading, a decline of 86% from the average session volume of 63,999 shares. The stock had previously closed at $0.67.

Retractable Technologies Trading Down 1.5%

The business has a fifty day moving average price of $0.69 and a 200 day moving average price of $0.69. The company has a market capitalization of $19.76 million, a PE ratio of -1.22 and a beta of 1.22. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.92 and a current ratio of 8.57.

Institutional Trading of Retractable Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of RVP. Susquehanna International Group LLP lifted its position in Retractable Technologies by 135.3% during the third quarter. Susquehanna International Group LLP now owns 54,546 shares of the company’s stock valued at $46,000 after buying an additional 31,362 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Retractable Technologies by 4.5% in the fourth quarter. Renaissance Technologies LLC now owns 447,007 shares of the company’s stock worth $345,000 after acquiring an additional 19,443 shares in the last quarter. Finally, Eversept Partners LP raised its stake in shares of Retractable Technologies by 59.9% in the 4th quarter. Eversept Partners LP now owns 580,919 shares of the company’s stock valued at $449,000 after acquiring an additional 217,604 shares during the period. Institutional investors and hedge funds own 7.58% of the company’s stock.

Retractable Technologies Company Profile

Retractable Technologies, Inc is a U.S.-based medical device company specializing in the design, development and manufacture of safety-engineered injection technologies aimed at reducing needlestick injuries. Headquartered in Little Elm, Texas, Retractable Technologies offers proprietary needle retraction systems that automatically withdraw the needle into the syringe barrel immediately after use, thereby enhancing safety for healthcare workers and patients.

The company’s flagship product, VanishPoint®, features a one-handed, automatic retraction mechanism and is available in multiple configurations, including standard syringes and Luer-lock fittings.