StockNews.com initiated coverage on shares of Retractable Technologies (NYSE:RVP – Get Free Report) in a report released on Tuesday. The firm set a “hold” rating on the stock.
Retractable Technologies Stock Performance
RVP stock opened at $0.74 on Tuesday. The company has a 50 day moving average price of $0.79 and a 200 day moving average price of $0.75. Retractable Technologies has a fifty-two week low of $0.56 and a fifty-two week high of $1.23. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.57 and a quick ratio of 5.92. The stock has a market capitalization of $22.15 million, a PE ratio of -1.37 and a beta of 2.08.
Hedge Funds Weigh In On Retractable Technologies
An institutional investor recently bought a new position in Retractable Technologies stock. Wealthfront Advisers LLC bought a new stake in Retractable Technologies, Inc. (NYSE:RVP – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter. 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.
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