StockNews.com began coverage on shares of Retractable Technologies (NYSE:RVP – Free Report) in a report released on Tuesday. The brokerage issued a hold rating on the stock.
Retractable Technologies Stock Performance
RVP stock opened at $0.72 on Tuesday. The business’s 50-day moving average price is $0.79 and its two-hundred day moving average price is $0.75. The company has a current ratio of 8.57, a quick ratio of 5.92 and a debt-to-equity ratio of 0.01. The firm has a market cap of $21.67 million, a PE ratio of -1.34 and a beta of 2.08. Retractable Technologies has a 1-year low of $0.56 and a 1-year high of $1.24.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Retractable Technologies stock. Renaissance Technologies LLC boosted its holdings in shares of Retractable Technologies, Inc. (NYSE:RVP – Free Report) by 9.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 361,253 shares of the company’s stock after acquiring an additional 31,140 shares during the period. Renaissance Technologies LLC owned approximately 1.21% of Retractable Technologies worth $249,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 7.58% of the company’s stock.
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.
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