Retractable Technologies, Inc. (NYSEAMERICAN:RVP) fell 7% during mid-day trading on Thursday . The stock traded as low as $1.22 and last traded at $1.33, 560,961 shares were traded during mid-day trading. An increase of 264% from the average session volume of 154,217 shares. The stock had previously closed at $1.43.
Separately, TheStreet upgraded shares of Retractable Technologies from a “d” rating to a “c-” rating in a research note on Friday, September 6th.
An institutional investor recently raised its position in Retractable Technologies stock. Renaissance Technologies LLC increased its stake in shares of Retractable Technologies, Inc. (NYSEAMERICAN:RVP) by 10.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 805,038 shares of the company’s stock after buying an additional 77,111 shares during the period. Renaissance Technologies LLC owned about 2.46% of Retractable Technologies worth $583,000 as of its most recent SEC filing.
Retractable Technologies, Inc designs, develops, manufactures, and markets safety medical products for the healthcare industry in the United States and internationally. It principally offers VanishPoint safety products comprising tuberculin, insulin, and allergy antigen syringes; autodisable syringes; IV catheters; blood collection tube holders; and blood collection sets, as well as Patient Safe products, including syringes and Luer caps.
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