Sharps Compliance Corp (NASDAQ:SMED) Stock Rating Upgraded by ValuEngine

Sharps Compliance Corp (NASDAQ:SMED) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Friday.

Separately, Zacks Investment Research upgraded Sharps Compliance Corp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th.

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

Sharps Compliance Corp (NASDAQ:SMED) last issued its quarterly earnings data on Thursday, August 10th. The industrial products company reported $0.04 earnings per share (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 company had revenue of $10.36 million for the quarter, compared to the consensus estimate of $10.51 million. During the same quarter last year, the business earned $0.01 earnings per share. Sharps Compliance Corp’s revenue was up 16.8% compared to the same quarter last year. Equities analysts forecast that Sharps Compliance Corp will post $0.10 earnings per share for the current fiscal year.

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Several institutional investors have recently modified their holdings of SMED. North Star Investment Management Corp. increased its position 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 during the period. Goodman Financial Corp increased its position 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 during the period. Lapides Asset Management LLC increased its position 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 during the period. Mesirow Financial Investment Management Equity Management increased its position 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 during the period. Finally, Cadence Capital Management LLC increased its position in shares of Sharps Compliance Corp by 5.3% in the second quarter. Cadence Capital Management LLC now owns 177,450 shares of the industrial products company’s stock worth $751,000 after buying an additional 8,860 shares during the period. 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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