Sharps Compliance Corp (NASDAQ:SMED) Stock Rating Reaffirmed by Stifel Nicolaus

Sharps Compliance Corp (NASDAQ:SMED)‘s stock had its “buy” rating reaffirmed by research analysts at Stifel Nicolaus in a research report issued on Friday. They presently have a $7.00 price target on the industrial products company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 29.87% from the company’s current price.

SMED has been the subject of a number of other research reports. Zacks Investment Research upgraded Sharps Compliance Corp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th. ValuEngine upgraded Sharps Compliance Corp from a “sell” rating to a “hold” rating in a research report on Friday.

Sharps Compliance Corp (NASDAQ:SMED) opened at 5.39 on Friday. The firm has a 50 day moving average price of $4.47 and a 200-day moving average price of $4.46. Sharps Compliance Corp has a 12 month low of $3.32 and a 12 month high of $5.71. The firm’s market capitalization is $86.27 million.

Sharps Compliance Corp (NASDAQ:SMED) last announced its quarterly earnings data on Thursday, August 10th. The industrial products company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.01. Sharps Compliance Corp had a negative return on equity of 2.37% and a negative net margin of 3.39%. The firm had revenue of $10.36 million during the quarter, compared to the consensus estimate of $10.51 million. During the same quarter in the prior year, the business posted $0.01 EPS. Sharps Compliance Corp’s revenue was up 16.8% compared to the same quarter last year. On average, equities analysts forecast that Sharps Compliance Corp will post $0.10 EPS for the current year.

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Several hedge funds have recently made changes to their positions in the company. Goodman Financial Corp increased its stake in shares of Sharps Compliance Corp by 5.0% in the first quarter. Goodman Financial Corp now owns 927,955 shares of the industrial products company’s stock worth $4,417,000 after buying an additional 44,506 shares in the last quarter. Lapides Asset Management LLC increased its stake in shares of Sharps Compliance Corp by 18.5% in the first quarter. Lapides Asset Management LLC now owns 168,800 shares of the industrial products company’s stock worth $803,000 after buying an additional 26,400 shares in the last quarter. North Star Investment Management Corp. increased its stake in shares of Sharps Compliance Corp by 98.5% in the second quarter. North Star Investment Management Corp. now owns 193,350 shares of the industrial products company’s stock worth $818,000 after buying an additional 95,922 shares in the last quarter. Cadence Capital Management LLC increased its stake in shares of Sharps Compliance Corp by 4.1% in the first quarter. Cadence Capital Management LLC now owns 168,590 shares of the industrial products company’s stock worth $802,000 after buying an additional 6,710 shares in the last quarter. Finally, Mesirow Financial Investment Management Equity Management increased its stake in shares of Sharps Compliance Corp by 32.5% in the first quarter. Mesirow Financial Investment Management Equity Management now owns 57,013 shares of the industrial products company’s stock worth $272,000 after buying an additional 13,972 shares in the last quarter. Institutional investors own 26.14% of the company’s stock.

About Sharps Compliance Corp

Sharps Compliance Corp. is a provider of waste management services, including medical, pharmaceutical and hazardous. The Company’s solutions include Sharps Recovery System, TakeAway Medication Recovery System, MedSafe, Route-Based Pickup Service, TakeAway Recycle System, ComplianceTRAC, Universal Waste Shipback Systems and Other Solutions.

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