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

StockNews.com began coverage on shares of Retractable Technologies (NYSE:RVP) in a research note issued to investors on Friday. The brokerage issued a hold rating on the stock.

Retractable Technologies Stock Up 1.0 %

Shares of NYSE:RVP opened at $0.64 on Friday. The company has a market capitalization of $19.04 million, a price-to-earnings ratio of -1.18 and a beta of 1.98. Retractable Technologies has a 12-month low of $0.56 and a 12-month high of $1.34. The business has a 50-day moving average price of $0.69 and a 200 day moving average price of $0.90. The company has a current ratio of 8.57, a quick ratio of 5.92 and a debt-to-equity ratio of 0.01.

Insider Buying and Selling

In related news, CEO Thomas J. Shaw bought 71,422 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was purchased at an average cost of $0.82 per share, for a total transaction of $58,566.04. Following the completion of the acquisition, the chief executive officer now owns 14,743,907 shares in the company, valued at approximately $12,090,003.74. This trade represents a 0.49 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders purchased 176,545 shares of company stock valued at $132,531. Company insiders own 55.00% of the company’s stock.

Institutional Trading of Retractable Technologies

A hedge fund recently bought a new stake in Retractable Technologies stock. PFG Investments LLC acquired a new position in shares of Retractable Technologies, Inc. (NYSE:RVP) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 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. 7.58% of the stock is currently owned by institutional investors.

Retractable Technologies Company Profile

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.