Retractable Technologies (NYSE:RVP) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Retractable Technologies (NYSE:RVPGet Free Report) in a research report issued on Tuesday. The firm set a “hold” rating on the stock.

Retractable Technologies Price Performance

Shares of NYSE:RVP opened at $0.79 on Tuesday. The company’s fifty day moving average is $0.66 and its two-hundred day moving average is $0.84. The company has a market cap of $23.54 million, a P/E ratio of -1.46 and a beta of 1.94. Retractable Technologies has a 12-month low of $0.56 and a 12-month high of $1.34. The company has a quick ratio of 5.92, a current ratio of 8.57 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On Retractable Technologies

A hedge fund recently bought a new stake in Retractable Technologies stock. PFG Investments LLC purchased a new position in shares of Retractable Technologies, Inc. (NYSE:RVPFree Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 34,600 shares of the company’s stock, valued at approximately $27,000. PFG Investments LLC owned 0.12% of Retractable Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 7.58% of the company’s stock.

About Retractable Technologies

(Get Free Report)

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.

Further Reading

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