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

Stock analysts at StockNews.com started coverage on shares of Retractable Technologies (NYSE:RVP) in a report released on Friday. The firm set a “hold” rating on the stock.

Retractable Technologies Trading Down 0.9 %

RVP stock opened at $1.08 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 8.18 and a current ratio of 11.02. Retractable Technologies has a one year low of $0.87 and a one year high of $1.34. The company’s 50 day moving average price is $1.07 and its two-hundred day moving average price is $1.14. The company has a market capitalization of $32.34 million, a PE ratio of -4.15 and a beta of 2.07.

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

Insider Activity

In other news, CEO Thomas J. Shaw bought 48,635 shares of the stock in a transaction dated Thursday, May 16th. The stock was purchased at an average cost of $1.03 per share, for a total transaction of $50,094.05. Following the transaction, the chief executive officer now owns 14,417,148 shares of the company’s stock, valued at $14,849,662.44. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders acquired 151,588 shares of company stock valued at $155,788 in the last quarter. 55.00% of the stock is currently 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.