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Retractable Technologies Inc (NYSE:RVP) President and CEO Shaw Thomas J. reported purchasing 1,575 shares of common stock on August 1, 2025, at a price of $0.703 per share, for a total transaction value of $1107. The purchase comes as the company, currently valued at $21.7 million, trades at just 0.29 times book value. According to InvestingPro analysis, the stock appears undervalued despite facing profitability challenges.
Following the transaction, Shaw directly owns 15,498,332 shares of Retractable Technologies Inc. He also indirectly owns 831,600 shares over which he has voting or investment control.
This transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission.
In other recent news, Retractable Technologies, Inc. has announced a reduction in its workforce by approximately 12.4%, primarily affecting manufacturing and support positions. The company anticipates that this move will save around $1.6 million in annual wages and benefits, which represents about 8.6% of its estimated total workforce costs. However, these savings will be partially offset by one-time separation payments totaling approximately $56,000 to affected employees. Additionally, Retractable Technologies has appointed a new independent registered public accounting firm following a merger involving its previous auditor. Moss Adams LLP, the former auditor, has merged with Baker Tilly US, LLP, prompting the resignation of Moss Adams. As a result, the Audit Committee of Retractable Technologies’ Board of Directors has approved Baker Tilly as the new auditor. The audit reports from Moss Adams for the past fiscal years did not contain any adverse opinions or disclaimers, and there were no disagreements on accounting principles or financial statement disclosures. These developments are part of the company’s recent strategic decisions.
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