Sharps Compliance Corp (NASDAQ:SMED) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday.

According to Zacks, “Headquartered in Houston, Texas, SHARPS COMPLIANCE is a leading provider of cost-effective disposal solutions for small quantity generators of medical waste. The Company’s flagship product, the Sharps Disposal by Mail System, is a cost-effective and easy-to-use solution to dispose of medical waste such as hypodermic needles, lancets and any other medical device or objects used to puncture or lacerate the skin. The Company also offers a number of products specifically designed for the home healthcare market. Sharps Compliance focuses on targeted growth markets such as the pharmaceutical, retail, healthcare, commercial, professional and hospitality markets, as well as serving a variety of additional markets. Sharps is a leading proponent and participant in the development of public awareness and solutions for the safe disposal of needles, syringes and other sharps in the community setting. “

A number of other equities analysts also recently commented on the company. First Analysis upgraded Sharps Compliance Corp from an “equal weight” rating to an “overweight” rating and set a $8.00 target price for the company in a report on Monday, August 14th. Stifel Nicolaus restated a “buy” rating and set a $7.00 target price on shares of Sharps Compliance Corp in a report on Friday, August 11th. Finally, ValuEngine upgraded Sharps Compliance Corp from a “sell” rating to a “hold” rating in a report on Friday, August 11th.

Shares of Sharps Compliance Corp (SMED) opened at 4.42 on Thursday. Sharps Compliance Corp has a 12 month low of $3.32 and a 12 month high of $5.73. The firm’s market cap is $70.76 million. The stock’s 50 day moving average is $4.88 and its 200 day moving average is $4.55.

Sharps Compliance Corp (NASDAQ:SMED) last announced its earnings results on Thursday, August 10th. The industrial products company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The business had revenue of $10.36 million for the quarter, compared to the consensus estimate of $10.51 million. Sharps Compliance Corp had a negative net margin of 3.39% and a negative return on equity of 2.36%. Sharps Compliance Corp’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.01 EPS. Equities research analysts expect that Sharps Compliance Corp will post $0.08 EPS for the current year.

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Several institutional investors have recently made changes to their positions in SMED. Lapides Asset Management LLC raised its holdings in shares of Sharps Compliance Corp by 2.3% during the second quarter. Lapides Asset Management LLC now owns 172,600 shares of the industrial products company’s stock valued at $730,000 after acquiring an additional 3,800 shares in the last quarter. Cadence Capital Management LLC raised its holdings in shares of Sharps Compliance Corp by 5.3% during the second quarter. Cadence Capital Management LLC now owns 177,450 shares of the industrial products company’s stock valued at $751,000 after acquiring an additional 8,860 shares in the last quarter. North Star Investment Management Corp. raised its holdings in shares of Sharps Compliance Corp by 98.5% during the second quarter. North Star Investment Management Corp. now owns 193,350 shares of the industrial products company’s stock valued at $818,000 after acquiring an additional 95,922 shares in the last quarter. Finally, Goodman Financial Corp raised its holdings in shares of Sharps Compliance Corp by 1.4% during the second quarter. Goodman Financial Corp now owns 940,701 shares of the industrial products company’s stock valued at $3,979,000 after acquiring an additional 12,746 shares in the last quarter. Institutional investors own 24.99% of the company’s stock.

Sharps Compliance Corp Company Profile

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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