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

StockNews.com started coverage on shares of Retractable Technologies (NYSE:RVPFree Report) in a research note issued to investors on Friday. The firm issued a hold rating on the stock.

Retractable Technologies Stock Down 1.6 %

Shares of Retractable Technologies stock opened at $0.78 on Friday. 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 has a market cap of $23.26 million, a P/E ratio of -1.44 and a beta of 1.96. The firm’s 50 day moving average price is $0.72 and its 200-day moving average price is $0.80. Retractable Technologies has a 52-week low of $0.56 and a 52-week high of $1.34.

Institutional Trading of Retractable Technologies

A hedge fund recently bought a new stake in Retractable Technologies stock. PFG Investments LLC purchased a new stake in Retractable Technologies, Inc. (NYSE:RVPFree Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 34,600 shares of the company’s stock, valued at approximately $27,000. PFG Investments LLC owned about 0.12% of Retractable Technologies as of its most recent filing with the Securities & Exchange Commission. 7.58% of the stock is currently owned by hedge funds and other institutional investors.

About Retractable Technologies

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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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