Retractable Technologies (NYSE:RVP) Shares Down 1.5% – What’s Next?

Shares of Retractable Technologies, Inc. (NYSE:RVP) were down 1.5% during trading on Friday . The company traded as low as $0.6549 and last traded at $0.6602. Approximately 9,202 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 63,999 shares. The stock had previously closed at $0.67.

Retractable Technologies Trading Down 1.5%

The company has a market cap of $19.76 million, a P/E ratio of -1.22 and a beta of 1.22. The business’s 50-day moving average price is $0.69 and its 200 day moving average price is $0.69. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.92 and a current ratio of 8.57.

Hedge Funds Weigh In On Retractable Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Susquehanna International Group LLP increased its position in Retractable Technologies by 135.3% during the third quarter. Susquehanna International Group LLP now owns 54,546 shares of the company’s stock worth $46,000 after buying an additional 31,362 shares during the last quarter. Renaissance Technologies LLC raised its stake in Retractable Technologies by 4.5% in the fourth 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 during the period. Finally, Eversept Partners LP lifted its position in shares of Retractable Technologies by 59.9% in 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 last quarter. Institutional investors own 7.58% of the company’s stock.

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.