US LNG exports surge but will buyers in China turn up?
Thomas J. Shaw, President and CEO of Retractable Technologies (NYSE:RVP), purchased 8,536 shares of the company’s common stock on July 11, 2025, in one transaction. The shares were acquired at a price of $0.653, totaling $5,574. The purchase comes as InvestingPro analysis indicates the stock is trading below its Fair Value, despite maintaining a strong balance sheet with more cash than debt and a healthy current ratio of 6.7x.
Following the transaction, Shaw directly owns 15,459,130 shares of Retractable Technologies. He also indirectly owns 831,600 shares over which he has voting or investment control. While the company faces profitability challenges with negative earnings in the last twelve months, Shaw’s increased stake signals confidence in the company’s $20 million market cap business. InvestingPro subscribers can access detailed insider trading patterns and 6 additional key insights about RVP’s financial health.
In other recent news, Retractable Technologies Inc . has announced a change in its independent registered public accounting firm following a merger involving its previous auditor. Moss Adams LLP, the former auditor, merged with Baker Tilly US, LLP, leading to Moss Adams’ resignation. Consequently, the Audit Committee of Retractable Technologies’ Board of Directors approved Baker Tilly as the new independent registered public accounting firm. The audit reports from Moss Adams for the fiscal years ending December 31, 2023, and 2024, were not subject to any adverse opinions or disclaimers. There were no disagreements between Retractable Technologies and Moss Adams regarding accounting principles or financial statement disclosures. Additionally, Retractable Technologies confirmed that no consultations occurred with Baker Tilly concerning accounting principles or audit opinions before the appointment. The company has filed a current report on Form 8-K with the SEC, which includes a letter from Moss Adams confirming agreement with the statements made by Retractable Technologies. These developments reflect the company’s efforts to maintain transparency and compliance in its financial reporting.
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