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Thomas J. Shaw, President and CEO of Retractable Technologies (NYSE:RVP), has purchased 8574 shares of the company’s common stock at a price of $0.628 per share, for a total transaction value of $5384. The insider purchase comes as InvestingPro analysis shows the stock trading below its Fair Value, despite the company maintaining a strong balance sheet with more cash than debt and a healthy current ratio of 6.7x.
The transaction, which occurred on July 1, 2025, was for the purchase of common stock. Following the transaction, Shaw directly owns 15450594 shares of Retractable Technologies, representing a significant portion of the company’s $19.4 million market capitalization. Shaw also indirectly owns 831600 shares over which he has voting or investment control. InvestingPro subscribers can access additional insights, including 5 more key ProTips about RVP’s financial health and growth prospects.
In other recent news, Retractable Technologies Inc . has announced a change in its independent registered public accounting firm due to a merger involving its previous auditor. The company was informed that Moss Adams LLP, its former auditor, has merged with Baker Tilly US, LLP, leading to Moss Adams’ resignation. Following this, Retractable Technologies’ Audit Committee approved the appointment of Baker Tilly as the new independent registered public accounting firm. The audit reports provided by Moss Adams for the fiscal years ending December 31, 2023, and 2024, were free from adverse opinions or disclaimers. There were no modifications regarding uncertainty, audit scope, or accounting principles in these reports. Furthermore, no disagreements occurred between Retractable Technologies and Moss Adams concerning accounting principles or financial statement disclosures. Retractable Technologies also confirmed that there were no consultations with Baker Tilly regarding specific transactions or audit opinions during the specified periods. The company has filed a report with the SEC and received a letter from Moss Adams confirming agreement with the statements made in the report.
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