Retractable Technologies (NYSE:RVP) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Retractable Technologies (NYSE:RVP) in a report issued on Friday morning. The firm issued a hold rating on the stock.

Retractable Technologies Price Performance

NYSE:RVP opened at $1.08 on Friday. Retractable Technologies has a 52 week low of $0.87 and a 52 week high of $1.34. The firm’s 50-day simple moving average is $1.07 and its 200 day simple moving average is $1.14. The company has a quick ratio of 8.18, a current ratio of 11.02 and a debt-to-equity ratio of 0.01.

Retractable Technologies (NYSE:RVP) last released its earnings results on Wednesday, May 15th. The company reported $0.01 EPS for the quarter. The firm had revenue of $7.60 million for the quarter. Retractable Technologies had a negative net margin of 18.84% and a negative return on equity of 7.55%.

Insider Activity at Retractable Technologies

In related news, CEO Thomas J. Shaw purchased 48,635 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were bought at an average cost of $1.03 per share, with a total value of $50,094.05. Following the acquisition, the chief executive officer now owns 14,417,148 shares of the company’s stock, valued at approximately $14,849,662.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders have purchased 151,588 shares of company stock valued at $155,788. 55.00% of the stock is owned by insiders.

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.