Retractable Technologies (NYSE:RVP) Trading Down 2.9%

Retractable Technologies, Inc. (NYSE:RVPGet Rating) shares were down 2.9% on Friday . The company traded as low as $4.64 and last traded at $4.74. Approximately 58,718 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 164,518 shares. The stock had previously closed at $4.88.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Retractable Technologies from a “buy” rating to a “hold” rating in a report on Thursday, May 12th.

Retractable Technologies Stock Performance

The company has a current ratio of 3.75, a quick ratio of 3.08 and a debt-to-equity ratio of 0.02. The firm has a market cap of $156.12 million, a P/E ratio of 3.56 and a beta of 1.95. The company has a fifty day moving average price of $4.30.

Retractable Technologies (NYSE:RVPGet Rating) last posted its earnings results on Tuesday, May 17th. The company reported $0.22 earnings per share for the quarter. The company had revenue of $44.74 million for the quarter. Retractable Technologies had a net margin of 24.98% and a return on equity of 51.12%.

About Retractable Technologies

(Get Rating)

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. It 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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