Bank of America just raised its EUR/USD forecast
Thomas J. Shaw, President and CEO of Retractable Technologies Inc (NYSE:RVP), recently purchased shares of the company’s common stock, according to a Form 4 filing with the Securities and Exchange Commission. The company, currently valued at $24 million, maintains a strong balance sheet with more cash than debt, though InvestingPro analysis indicates rapid cash burn in recent quarters.
On August 14 and 15, 2025, Shaw acquired a total of 14,083 shares with a total value of $11170. The prices paid for these shares ranged from $0.7875 to $0.7948. Following these transactions, Shaw directly owns 15,603,348 shares of Retractable Technologies. According to InvestingPro data, the stock shows potential upside from current levels, with the company’s Fair Value suggesting undervaluation despite recent challenges in profitability.
Additionally, the filing indicates that Shaw indirectly owns 831,600 shares over which he has voting or investment control. Investors should note that RVP’s next earnings report is due in 3 days, which could provide crucial insights into the company’s financial trajectory.
In other recent news, Retractable Technologies, Inc. has announced a workforce reduction of approximately 12.4%, primarily impacting manufacturing and support positions. This move is expected to result in annual savings of around $1.6 million in wages and benefits, although it will incur one-time separation costs of approximately $56,000. 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, merged with Baker Tilly US, LLP, leading to Moss Adams’ resignation. The company’s Audit Committee has since approved the appointment of Baker Tilly as the new auditor. Notably, the audit reports from Moss Adams for recent fiscal years did not contain any adverse opinions or significant disagreements on accounting matters. These developments are part of Retractable Technologies’ ongoing efforts to manage operational costs and ensure effective financial oversight.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.