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

StockNews.com began coverage on shares of Retractable Technologies (NYSE:RVP) in a research note released on Tuesday morning. The firm issued a hold rating on the stock.

Retractable Technologies Stock Up 4.5 %

NYSE:RVP opened at $0.75 on Tuesday. The company has a quick ratio of 6.54, a current ratio of 9.51 and a debt-to-equity ratio of 0.01. Retractable Technologies has a twelve month low of $0.71 and a twelve month high of $1.34. The stock’s 50-day simple moving average is $0.97 and its 200 day simple moving average is $1.06.

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

Insider Buying and Selling

In related news, CEO Thomas J. Shaw purchased 71,422 shares of Retractable Technologies stock in a transaction on Friday, September 20th. The shares were purchased at an average price of $0.82 per share, for a total transaction of $58,566.04. Following the transaction, the chief executive officer now owns 14,743,907 shares of the company’s stock, valued at approximately $12,090,003.74. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have acquired a total of 193,583 shares of company stock worth $181,695 in the last ninety days. Company insiders own 55.00% 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.