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

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

Retractable Technologies Stock Performance

Shares of Retractable Technologies stock opened at $1.73 on Wednesday. The company has a market capitalization of $51.80 million, a price-to-earnings ratio of 12.36 and a beta of 2.16. The company has a current ratio of 7.32, a quick ratio of 5.61 and a debt-to-equity ratio of 0.01. Retractable Technologies has a fifty-two week low of $1.61 and a fifty-two week high of $5.17.

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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.

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