Retractable Technologies (NYSE:RVP) Releases Earnings Results

Retractable Technologies (NYSE:RVP) issued its earnings results on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, reports. Retractable Technologies had a negative net margin of 18.84% and a negative return on equity of 7.55%. The business had revenue of $7.60 million for the quarter.

Retractable Technologies Trading Up 4.1 %

NYSE RVP opened at $1.02 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.41 and a current ratio of 11.02. Retractable Technologies has a 52 week low of $0.95 and a 52 week high of $1.34. The business has a 50 day moving average price of $1.12 and a 200-day moving average price of $1.15.

Institutional Trading of Retractable Technologies

A hedge fund recently raised its stake in Retractable Technologies stock. WealthTrust Axiom LLC lifted its holdings in shares of Retractable Technologies, Inc. (NYSE:RVP) by 27.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,533 shares of the company’s stock after acquiring an additional 27,500 shares during the period. WealthTrust Axiom LLC owned approximately 0.42% of Retractable Technologies worth $151,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 7.58% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Retractable Technologies in a research report on Saturday, May 11th. They set a “hold” rating on the stock.

Retractable Technologies Company Profile

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. The company 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.