Research analysts at StockNews.com initiated coverage on shares of Retractable Technologies (NYSE:RVP – Get Free Report) in a research report issued on Thursday. The brokerage set a “hold” rating on the stock.
Retractable Technologies Trading Down 0.1 %
NYSE RVP opened at $0.75 on Thursday. The company has a market capitalization of $22.57 million, a price-to-earnings ratio of -1.40 and a beta of 2.08. Retractable Technologies has a 12 month low of $0.56 and a 12 month high of $1.22. The company’s fifty day moving average price is $0.78 and its two-hundred day moving average price is $0.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.57 and a quick ratio of 5.92.
Institutional Investors Weigh In On Retractable Technologies
A hedge fund recently raised its stake in Retractable Technologies stock. Renaissance Technologies LLC boosted its holdings in Retractable Technologies, Inc. (NYSE:RVP – Free Report) by 9.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 361,253 shares of the company’s stock after purchasing an additional 31,140 shares during the quarter. Renaissance Technologies LLC owned approximately 1.21% of Retractable Technologies worth $249,000 at the end of the most recent quarter. 7.58% of the stock is currently owned by institutional investors and hedge funds.
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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