Retractable Technologies, Inc. (NYSEAMERICAN:RVP) rose 7% on Wednesday . The company traded as high as $12.26 and last traded at $11.93. Approximately 1,381,796 shares changed hands during trading, an increase of 39% from the average daily volume of 991,387 shares. The stock had previously closed at $11.15.
RVP has been the subject of a number of analyst reports. TheStreet raised shares of Retractable Technologies from a “c+” rating to a “b” rating in a research note on Wednesday, October 7th. BidaskClub raised shares of Retractable Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, December 17th.
The company’s 50-day moving average is $11.33.
Large investors have recently bought and sold shares of the business. AQR Capital Management LLC bought a new stake in Retractable Technologies in the 3rd quarter worth approximately $475,000. BlackRock Inc. grew its position in Retractable Technologies by 38.7% in the 3rd quarter. BlackRock Inc. now owns 957,354 shares of the company’s stock worth $6,376,000 after purchasing an additional 267,060 shares during the period. American International Group Inc. bought a new stake in Retractable Technologies in the 2nd quarter worth approximately $57,000. Bank of America Corp DE bought a new stake in Retractable Technologies in the 2nd quarter worth approximately $77,000. Finally, Nuveen Asset Management LLC bought a new stake in Retractable Technologies in the 2nd quarter worth approximately $842,000.
Retractable Technologies Company Profile (NYSEAMERICAN:RVP)
Retractable Technologies, Inc designs, develops, manufactures, and markets safety syringes and other medical products for the healthcare industry in the United States, rest of North and South America, and internationally. It principally offers VanishPoint safety products comprising tuberculin, insulin, autodisable, and allergy antigen syringes; IV catheters; blood collection tube holders; blood collection sets; and Patient Safe safety medical products, including syringes and Luer caps.
See Also: Earnings Reports
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