Retractable Technologies (NYSE:RVP) Stock Price Up 1% – Time to Buy?

Shares of Retractable Technologies, Inc. (NYSE:RVP) were up 1% on Thursday . The company traded as high as $0.70 and last traded at $0.6870. Approximately 24,358 shares changed hands during trading, a decline of 53% from the average daily volume of 51,711 shares. The stock had previously closed at $0.68.

Retractable Technologies Stock Up 1.0%

The company has a market capitalization of $20.57 million, a PE ratio of -1.27 and a beta of 1.26. The company’s fifty day moving average is $0.74 and its 200-day moving average is $0.81. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.92 and a current ratio of 8.57.

Institutional Trading of Retractable Technologies

Institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC lifted its holdings in Retractable Technologies by 4.5% in the 4th quarter. Renaissance Technologies LLC now owns 447,007 shares of the company’s stock worth $345,000 after purchasing an additional 19,443 shares in the last quarter. Susquehanna International Group LLP grew its holdings in Retractable Technologies by 135.3% during the 3rd quarter. Susquehanna International Group LLP now owns 54,546 shares of the company’s stock valued at $46,000 after buying an additional 31,362 shares in the last quarter. Finally, Eversept Partners LP raised its position in shares of Retractable Technologies by 59.9% during 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. Hedge funds and other institutional investors own 7.58% of the company’s stock.

About Retractable Technologies

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.