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Retractable Technologies, Inc.
Retractable Technologies, Inc. (NYSE: RVP) manufactures and distributes VanishPoint and Patient Safe safety medical products and the EasyPoint needle. VanishPoint syringes, blood collection devices, and IV catheters are designed to reduce needlestick injuries and product reuse by extracting the needle immediately from the patient and successfully decreasing exposure to the contaminated needle. Patient Safe syringes are made to prevent bloodstream infections caused by contaminated catheter hubs. The simple point is a retractable needle that can deliver injections with a Luer lock, Luer slip, and prefilled syringes.
Why Should Investors Make An Exit?
Stock Recommendation:
RVP's share price has declined 59.26% in the past nine months and is currently leaning towards the lower band of the 52-week range of USD 4.26 to USD 13.91.
Considering the company's weak liquidity profile, current valuation and associated risks. we recommend a "Sell" rating on the stock at the current price of USD 4.49, down 1.10% as of April 12, 2022, at 08:07 AM PDT.
Three-Year Technical Price Chart (as of April 12, 2022, at 08:07 AM PDT). Source: REFINITIV, Analysis by Kalkine Group
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.