Retractable Technologies (NYSE:RVP) Shares Down 0.6% – Time to Sell?

Retractable Technologies, Inc. (NYSE:RVP)’s stock price fell 0.6% during trading on Thursday . The company traded as low as $0.6910 and last traded at $0.6968. Approximately 19,976 shares changed hands during trading, a decline of 71% from the average session volume of 68,895 shares. The stock had previously closed at $0.7008.

Retractable Technologies Trading Down 0.6%

The company has a market capitalization of $20.86 million, a price-to-earnings ratio of -1.29 and a beta of 1.22. The company has a quick ratio of 5.92, a current ratio of 8.57 and a debt-to-equity ratio of 0.01. The company’s 50 day simple moving average is $0.69 and its two-hundred day simple moving average is $0.70.

Institutional Trading of Retractable Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Eversept Partners LP grew its stake in Retractable Technologies by 59.9% during the 4th quarter. Eversept Partners LP now owns 580,919 shares of the company’s stock worth $449,000 after buying an additional 217,604 shares during the last quarter. Susquehanna International Group LLP increased its position in Retractable Technologies by 135.3% during the 3rd quarter. Susquehanna International Group LLP now owns 54,546 shares of the company’s stock valued at $46,000 after buying an additional 31,362 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Retractable Technologies by 4.5% in the fourth quarter. Renaissance Technologies LLC now owns 447,007 shares of the company’s stock valued at $345,000 after buying an additional 19,443 shares during the last quarter. Hedge funds and other institutional investors own 7.58% of the company’s stock.

Retractable Technologies Company Profile

Retractable Technologies, Inc is a U.S.-based medical device company specializing in the design, development and manufacture of safety-engineered injection technologies aimed at reducing needlestick injuries. Headquartered in Little Elm, Texas, Retractable Technologies offers proprietary needle retraction systems that automatically withdraw the needle into the syringe barrel immediately after use, thereby enhancing safety for healthcare workers and patients.

The company’s flagship product, VanishPoint®, features a one-handed, automatic retraction mechanism and is available in multiple configurations, including standard syringes and Luer-lock fittings.