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

Investment analysts at StockNews.com started coverage on shares of Retractable Technologies (NYSE:RVP – Get Rating) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.

Retractable Technologies Stock Down 4.7 %

RVP stock opened at $1.22 on Wednesday. The business has a 50-day moving average of $1.63 and a 200-day moving average of $1.85. Retractable Technologies has a fifty-two week low of $1.20 and a fifty-two week high of $5.17. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.60 and a quick ratio of 6.46. The stock has a market capitalization of $36.53 million, a P/E ratio of -24.40 and a beta of 2.15.

Retractable Technologies (NYSE:RVP – Get Rating) last announced its earnings results on Thursday, March 30th. The company reported ($0.13) earnings per share for the quarter. Retractable Technologies had a positive return on equity of 1.39% and a negative net margin of 2.63%. The firm had revenue of $12.68 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. FMR LLC raised its stake in Retractable Technologies by 190.0% during the 2nd quarter. FMR LLC now owns 16,216 shares of the company’s stock worth $62,000 after buying an additional 10,625 shares during the period. Virtu Financial LLC purchased a new stake in shares of Retractable Technologies in the second quarter worth approximately $57,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Retractable Technologies in the second quarter worth approximately $54,000. Dimensional Fund Advisors LP raised its stake in shares of Retractable Technologies by 21.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 32,135 shares of the company’s stock worth $53,000 after purchasing an additional 5,718 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Retractable Technologies in the second quarter worth approximately $40,000. 9.46% of the stock is owned by institutional investors.

Retractable Technologies Company Profile

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Retractable Technologies, Inc engages in the manufacture and market of safety needle devices for the healthcare industry. It offers injection devices, blood collection devices, and infusion devices. The company was founded by Thomas J. Shaw on May 9, 1994 and is headquartered in Little Elm, TX.