Retractable Technologies (NYSE:RVP) Trading Down 2.4% – Here’s What Happened

Retractable Technologies, Inc. (NYSE:RVP)’s stock price traded down 2.4% on Tuesday . The stock traded as low as $0.6860 and last traded at $0.6910. 39,264 shares were traded during mid-day trading, a decline of 27% from the average session volume of 53,775 shares. The stock had previously closed at $0.7080.

Retractable Technologies Stock Down 2.4%

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 firm’s 50 day moving average is $0.69 and its two-hundred day moving average is $0.78. The firm has a market capitalization of $20.69 million, a P/E ratio of -1.28 and a beta of 1.26.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Eversept Partners LP increased its holdings in shares of Retractable Technologies by 59.9% during the 4th quarter. Eversept Partners LP now owns 580,919 shares of the company’s stock worth $449,000 after acquiring an additional 217,604 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Retractable Technologies by 4.5% during the 4th quarter. Renaissance Technologies LLC now owns 447,007 shares of the company’s stock worth $345,000 after acquiring an additional 19,443 shares during the last quarter. Finally, Susquehanna International Group LLP increased its holdings in shares of 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 acquiring an additional 31,362 shares during the last quarter. 7.58% of the stock is owned by institutional investors and hedge funds.

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.