StockNews.com Begins Coverage on Retractable Technologies (NYSE:RVP)

Analysts at StockNews.com began coverage on shares of Retractable Technologies (NYSE:RVP – Get Rating) in a research report issued on Thursday. The firm set a “hold” rating on the stock.

Retractable Technologies Price Performance

Shares of NYSE:RVP opened at $1.65 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.12 and a quick ratio of 4.89. Retractable Technologies has a 1-year low of $1.61 and a 1-year high of $5.17. The stock has a market capitalization of $54.35 million, a P/E ratio of 1.88 and a beta of 2.15. The firm’s 50 day moving average price is $1.93.

Retractable Technologies Company Profile

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Retractable Technologies, Inc engages in the manufacture and market of safety needle devices for the healthcare industry. It offers injection devices, blood collection devices, and infusion devices. The company was founded by Thomas J. Shaw on May 9, 1994 and is headquartered in Little Elm, TX.