StockNews.com Initiates Coverage on Retractable Technologies (NYSE:RVP)

Investment analysts at StockNews.com assumed coverage on shares of Retractable Technologies (NYSE:RVP) in a report released on Saturday. The brokerage set a “hold” rating on the stock.

Retractable Technologies Trading Up 0.5 %

Shares of Retractable Technologies stock opened at $0.73 on Friday. Retractable Technologies has a fifty-two week low of $0.71 and a fifty-two week high of $1.34. The stock has a 50 day moving average of $0.84 and a 200 day moving average of $1.00. The firm has a market capitalization of $21.96 million, a price-to-earnings ratio of -2.82 and a beta of 2.06. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.54 and a current ratio of 9.51.

Retractable Technologies (NYSE:RVP) last posted its earnings results on Wednesday, August 14th. The company reported ($0.48) earnings per share for the quarter. Retractable Technologies had a negative net margin of 46.72% and a negative return on equity of 18.67%. The company had revenue of $6.03 million during the quarter.

Insider Buying and Selling at Retractable Technologies

In related news, CEO Thomas J. Shaw purchased 71,422 shares of the business’s stock in a transaction on Friday, September 20th. The shares were bought at an average price of $0.82 per share, for a total transaction of $58,566.04. Following the acquisition, the chief executive officer now directly owns 14,743,907 shares in the company, valued at $12,090,003.74. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders acquired 198,409 shares of company stock valued at $171,498 in the last 90 days. Company insiders own 55.00% of the company’s stock.

Institutional Trading of Retractable Technologies

An institutional investor recently bought a new position in Retractable Technologies stock. PFG Investments LLC bought a new stake in Retractable Technologies, Inc. (NYSE:RVP) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 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 reporting period. 7.58% of the stock is owned by institutional investors and hedge funds.

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.