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

Stock analysts at StockNews.com assumed coverage on shares of Retractable Technologies (NYSE:RVP) in a report issued on Wednesday. The brokerage set a “hold” rating on the stock.

Retractable Technologies Stock Up 1.0 %

Shares of NYSE RVP opened at $1.05 on Wednesday. Retractable Technologies has a 1 year low of $0.95 and a 1 year high of $1.88. The firm has a market cap of $31.44 million, a price-to-earnings ratio of -4.38 and a beta of 2.11. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.41 and a current ratio of 8.28. The stock’s 50-day simple moving average is $1.20 and its 200-day simple moving average is $1.16.

Institutional Trading of Retractable Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in Retractable Technologies in the fourth quarter valued at about $27,000. Cubist Systematic Strategies LLC bought a new position in shares of Retractable Technologies during the second quarter valued at approximately $40,000. Dimensional Fund Advisors LP bought a new position in shares of Retractable Technologies during the third quarter valued at approximately $52,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Retractable Technologies during the second quarter valued at approximately $54,000. Finally, Virtu Financial LLC bought a new position in shares of Retractable Technologies during the second quarter valued at approximately $57,000. 7.58% of the stock is owned by institutional investors.

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.