Retractable Technologies, Inc. (RVP) Insider Purchases $17,085.42 in Stock

Retractable Technologies, Inc. (NYSEMKT:RVP) insider Thomas J. Shaw acquired 25,887 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were bought at an average cost of $0.66 per share, with a total value of $17,085.42. Following the completion of the acquisition, the insider now directly owns 13,158,129 shares of the company’s stock, valued at $8,684,365.14. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Retractable Technologies (NYSEMKT:RVP) last released its earnings results on Monday, August 14th. The company reported ($0.05) EPS for the quarter. The company had revenue of $7.65 million during the quarter. Retractable Technologies had a negative return on equity of 22.24% and a negative net margin of 17.65%.

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Separately, ValuEngine raised shares of Retractable Technologies from a “sell” rating to a “hold” rating in a report on Monday, October 2nd.

An institutional investor recently raised its position in Retractable Technologies stock. WealthTrust Axiom LLC increased its stake in Retractable Technologies, Inc. (NYSEMKT:RVP) by 6.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 583,062 shares of the company’s stock after purchasing an additional 36,898 shares during the period. WealthTrust Axiom LLC owned 1.84% of Retractable Technologies worth $740,000 as of its most recent filing with the Securities & Exchange Commission.

Retractable Technologies Company Profile

Retractable Technologies, Inc designs, develops and manufactures safety medical products for the healthcare industry. The Company markets VanishPoint and PatientSafe products. The VanishPoint products are designed specifically to prevent needle stick injuries and to prevent reuse. The VanishPoint safety products include tuberculin, insulin and allergy antigen VanishPoint syringes; 0.5mL, 1mL, 2mL, 3mL, 5mL and 10mL VanishPoint syringes, and the VanishPoint autodisable syringe.

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