Retractable Technologies CEO Shaw Thomas J Buys 32935 Shares at $0.8/Share
ByAinvest
Tuesday, Aug 19, 2025 11:56 am ET1min read
RVP--
Shaw's latest acquisition comes amidst a period of strong market momentum for RVP, with the stock gaining nearly 10% over the past week [2]. This purchase follows a previous acquisition of 14,083 shares by Shaw on August 14 and 15, 2025, and another of 8,411 shares on August 12, 2025 [1]. These transactions have increased Shaw's direct ownership of RVP shares to 15,603,348, with indirect ownership over 831,600 shares [1].
InvestingPro analysis indicates that RVP is currently undervalued at its market cap of $24.5 million, suggesting potential upside from current levels [2]. The company maintains a strong balance sheet with more cash than debt and a healthy current ratio of 6.7, indicating robust liquidity [2]. Despite recent challenges in profitability, the stock shows potential for growth, with the company's Fair Value suggesting undervaluation [1].
In other recent news, RVP 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 [1]. Additionally, RVP 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 Baker Tilly as the new auditor [1].
These developments highlight RVP's ongoing efforts to manage operational costs and ensure effective financial oversight. The company's next earnings report, due in 3 days, will provide crucial insights into its financial trajectory [1].
References:
[1] https://www.investing.com/news/insider-trading-news/shaw-thomas-j-president-of-retractable-technologies-buys-11k-in-rvp-93CH-4198710
[2] https://www.investing.com/news/insider-trading-news/shaw-president-and-ceo-buys-retractable-technologies-rvp-shares-93CH-4189199
Retractable Technologies Inc. (RVP) has announced that Director, 10% Owner, President and CEO Shaw Thomas J has acquired 32,935 shares at a price of $0.8 per share on August 18, 2025.
Retractable Technologies Inc. (NYSE: RVP) has seen a significant increase in shareholder activity as its President and CEO, Thomas J. Shaw, recently acquired 32,935 shares of the company's common stock on August 18, 2025. This purchase was made at a price of $0.8 per share, totaling $26,348 in value [1].Shaw's latest acquisition comes amidst a period of strong market momentum for RVP, with the stock gaining nearly 10% over the past week [2]. This purchase follows a previous acquisition of 14,083 shares by Shaw on August 14 and 15, 2025, and another of 8,411 shares on August 12, 2025 [1]. These transactions have increased Shaw's direct ownership of RVP shares to 15,603,348, with indirect ownership over 831,600 shares [1].
InvestingPro analysis indicates that RVP is currently undervalued at its market cap of $24.5 million, suggesting potential upside from current levels [2]. The company maintains a strong balance sheet with more cash than debt and a healthy current ratio of 6.7, indicating robust liquidity [2]. Despite recent challenges in profitability, the stock shows potential for growth, with the company's Fair Value suggesting undervaluation [1].
In other recent news, RVP 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 [1]. Additionally, RVP 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 Baker Tilly as the new auditor [1].
These developments highlight RVP's ongoing efforts to manage operational costs and ensure effective financial oversight. The company's next earnings report, due in 3 days, will provide crucial insights into its financial trajectory [1].
References:
[1] https://www.investing.com/news/insider-trading-news/shaw-thomas-j-president-of-retractable-technologies-buys-11k-in-rvp-93CH-4198710
[2] https://www.investing.com/news/insider-trading-news/shaw-president-and-ceo-buys-retractable-technologies-rvp-shares-93CH-4189199
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