Retractable Technologies (NYSE:RVP) Trading Up 1% – Should You Buy?

Retractable Technologies, Inc. (NYSE:RVP)’s stock price shot up 1% on Thursday . The company traded as high as $0.70 and last traded at $0.6870. 24,358 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 51,711 shares. The stock had previously closed at $0.68.

Retractable Technologies Price Performance

The firm has a market cap of $20.00 million, a PE ratio of -1.24 and a beta of 1.26. 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 business’s fifty day moving average is $0.74 and its 200-day moving average is $0.81.

Institutional Trading of Retractable Technologies

A number of large investors have recently bought and sold shares of RVP. Susquehanna International Group LLP lifted its holdings in Retractable Technologies by 135.3% during the 3rd quarter. Susquehanna International Group LLP now owns 54,546 shares of the company’s stock worth $46,000 after purchasing an additional 31,362 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Retractable Technologies by 4.5% during the 4th 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 in the last quarter. Finally, Eversept Partners LP increased its position in shares of Retractable Technologies by 59.9% during the fourth quarter. Eversept Partners LP now owns 580,919 shares of the company’s stock valued at $449,000 after buying an additional 217,604 shares during the period. 7.58% of the stock is owned by hedge funds and other institutional investors.

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.