LPL Financial LLC Trims Holdings in Retractable Technologies, Inc. (NYSE:RVP)

LPL Financial LLC lessened its stake in Retractable Technologies, Inc. (NYSE:RVP) by 22.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,973 shares of the company’s stock after selling 15,535 shares during the period. LPL Financial LLC’s holdings in Retractable Technologies were worth $38,000 at the end of the most recent reporting period.

Separately, Wealthfront Advisers LLC bought a new position in Retractable Technologies during the 4th quarter worth approximately $1,748,000. 7.58% of the stock is currently owned by institutional investors.

Retractable Technologies Trading Up 0.7 %

Retractable Technologies stock opened at $0.74 on Friday. Retractable Technologies, Inc. has a 1 year low of $0.56 and a 1 year high of $1.22. The firm’s 50-day moving average is $0.73 and its 200-day moving average is $0.72. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.92 and a current ratio of 8.57. The company has a market cap of $22.01 million, a P/E ratio of -1.36 and a beta of 2.28.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Retractable Technologies in a research report on Monday. 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.