Shares of Sharps Compliance Corp. (NASDAQ:SMED) have received a consensus rating of “Buy” from the six analysts that are presently covering the company. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $7.00.

Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Sharps Compliance Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 12th. First Analysis downgraded shares of Sharps Compliance Corp. from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $9.00 to $6.00 in a research note on Friday, August 12th. Finally, Barrington Research lowered their price objective on shares of Sharps Compliance Corp. from $9.00 to $6.00 and set an “outperform” rating for the company in a research note on Tuesday, June 21st.

Several hedge funds and other institutional investors have recently modified their holdings of SMED. Ranger Investment Management L.P. boosted its position in shares of Sharps Compliance Corp. by 26.3% in the second quarter. Ranger Investment Management L.P. now owns 268,990 shares of the company’s stock valued at $1,181,000 after buying an additional 56,060 shares during the period. Ingalls & Snyder LLC acquired a new position in shares of Sharps Compliance Corp. during the second quarter valued at about $318,000. Vanguard Group Inc. boosted its position in shares of Sharps Compliance Corp. by 2.6% in the second quarter. Vanguard Group Inc. now owns 492,553 shares of the company’s stock valued at $2,162,000 after buying an additional 12,580 shares during the period. Oxford Asset Management boosted its position in shares of Sharps Compliance Corp. by 210.3% in the second quarter. Oxford Asset Management now owns 33,853 shares of the company’s stock valued at $149,000 after buying an additional 22,943 shares during the period. Finally, Goodman Financial Corp boosted its position in shares of Sharps Compliance Corp. by 6.7% in the second quarter. Goodman Financial Corp now owns 821,849 shares of the company’s stock valued at $3,608,000 after buying an additional 51,454 shares during the period. 22.83% of the stock is owned by hedge funds and other institutional investors.

Shares of Sharps Compliance Corp. (NASDAQ:SMED) remained flat at $4.30 on Monday. The company’s stock had a trading volume of 3,024 shares. The company’s 50-day moving average is $4.45 and its 200-day moving average is $4.77. The company has a market cap of $68.37 million, a PE ratio of 4300.00 and a beta of 0.40. Sharps Compliance Corp. has a 12 month low of $4.09 and a 12 month high of $10.30.

Sharps Compliance Corp. (NASDAQ:SMED) last announced its earnings results on Wednesday, August 10th. The company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.04. The firm earned $8.90 million during the quarter, compared to analyst estimates of $9 million. Sharps Compliance Corp. had a net margin of 0.04% and a return on equity of 0.85%. Sharps Compliance Corp.’s revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the business earned $0.08 earnings per share. On average, analysts forecast that Sharps Compliance Corp. will post $0.14 EPS for the current year.

Sharps Compliance Corp. Company Profile

Sharps Compliance Corp. is a service provider of waste management services, including medical, pharmaceutical and hazardous. The Company’s solutions facilitate the proper collection, containment, transportation and treatment of numerous types of healthcare-related materials, including hypodermic needles, lancets and other devices or objects used to puncture or lacerate the skin, or sharps, and unused consumer dispensed medications and over-the-counter drugs.

5 Day Chart for NASDAQ:SMED

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