Research analysts at StockNews.com assumed coverage on shares of Retractable Technologies (NYSE:RVP – Get Free Report) in a report issued on Wednesday. The brokerage set a “hold” rating on the stock.
Retractable Technologies Trading Down 1.4%
Shares of NYSE RVP opened at $0.75 on Wednesday. The company has a quick ratio of 5.92, a current ratio of 8.57 and a debt-to-equity ratio of 0.01. Retractable Technologies has a 12 month low of $0.56 and a 12 month high of $1.22. The company has a market cap of $22.46 million, a price-to-earnings ratio of -1.39 and a beta of 1.65. The business has a fifty day simple moving average of $0.72 and a 200-day simple moving average of $0.72.
Institutional Investors Weigh In On Retractable Technologies
A hedge fund recently bought a new stake in Retractable Technologies stock. Wealthfront Advisers LLC bought a new stake in shares of Retractable Technologies, Inc. (NYSE:RVP – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,533,952 shares of the company’s stock, valued at approximately $1,748,000. Wealthfront Advisers LLC owned 8.46% of Retractable Technologies as of its most recent SEC filing. Hedge funds and other institutional investors own 7.58% of the company’s stock.
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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