Sharps Compliance Corp (NASDAQ:SMED) Hits New 12-Month High at $5.36

Shares of Sharps Compliance Corp (NASDAQ:SMED) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $5.36 and last traded at $5.36, with a volume of 86,733 shares changing hands. The stock had previously closed at $4.94.

A number of research firms recently issued reports on SMED. ValuEngine raised Sharps Compliance Corp from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research raised Sharps Compliance Corp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th.

The stock’s 50 day moving average price is $4.47 and its 200-day moving average price is $4.46. The company’s market cap is $86.27 million.

Sharps Compliance Corp (NASDAQ:SMED) last announced its quarterly earnings results on Thursday, August 10th. The industrial products company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Sharps Compliance Corp had a negative net margin of 4.47% and a negative return on equity of 3.66%. The business had revenue of $10.36 million during the quarter, compared to the consensus estimate of $10.51 million. During the same period in the previous 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, analysts expect that Sharps Compliance Corp will post $0.10 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Mesirow Financial Investment Management Equity Management boosted 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 valued at $272,000 after buying an additional 13,972 shares during the last quarter. Lapides Asset Management LLC boosted its position in shares of Sharps Compliance Corp by 2.3% in the second quarter. Lapides Asset Management LLC now owns 172,600 shares of the industrial products company’s stock valued at $730,000 after buying an additional 3,800 shares during the last quarter. Cadence Capital Management LLC boosted 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 valued at $751,000 after buying an additional 8,860 shares during the last quarter. North Star Investment Management Corp. boosted 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 valued at $818,000 after buying an additional 95,922 shares during the last quarter. Finally, Goodman Financial Corp boosted its position in shares of Sharps Compliance Corp by 1.4% in the second quarter. Goodman Financial Corp now owns 940,701 shares of the industrial products company’s stock valued at $3,979,000 after buying an additional 12,746 shares during the last quarter. 26.14% of the stock is currently owned by institutional investors and hedge funds.

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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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