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Thomas J. Shaw, President and CEO of Retractable Technologies Inc (NYSE:RVP), acquired 8,411 shares of common stock on August 12, 2025, at a price of $0.823 per share, in one transaction. The purchase comes as the stock shows strong momentum, gaining nearly 10% in the past week. According to InvestingPro analysis, RVP appears undervalued at its current market cap of $24.5 million.
The purchase amounted to a total value of $6,922. Following the transaction, Shaw directly owns 15,589,265 shares of Retractable Technologies Inc . He also indirectly owns 831,600 shares over which he has voting or investment control. The company maintains a strong balance sheet with more cash than debt and a healthy current ratio of 6.7, indicating robust liquidity. Get access to 8 more exclusive InvestingPro Tips for RVP by visiting InvestingPro.
In other recent news, Retractable Technologies, Inc. has announced a significant workforce reduction of approximately 12.4%, primarily impacting manufacturing and support roles. This move is expected to save the company around $1.6 million in annual wages and benefits, although it will incur one-time separation payments of about $56,000. Additionally, Retractable Technologies has made a change in its independent registered public accounting firm due to a merger involving its previous auditor. Moss Adams LLP, the former auditor, merged with Baker Tilly US, LLP, leading to Moss Adams’ resignation. The Audit Committee of Retractable Technologies’ Board of Directors has approved Baker Tilly as the new independent registered public accounting firm. The audit reports from Moss Adams for the relevant fiscal years did not contain any adverse opinions or disclaimers. There were also no disagreements between Retractable Technologies and Moss Adams regarding accounting principles or financial disclosures during those periods. These developments mark significant changes for the company in its operational and financial management.
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