Sharps Compliance Corp. (NASDAQ:SMED) shares shot up 3.9% during mid-day trading on Thursday . The stock traded as high as $5.74 and last traded at $5.63, with a volume of 50,580 shares. The stock had previously closed at $5.42.

Several research firms have recently issued reports on SMED. Zacks Investment Research upgraded Sharps Compliance Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Barrington Research reduced their price target on Sharps Compliance Corp. from $9.00 to $6.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 21st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Sharps Compliance Corp. currently has a consensus rating of “Buy” and a consensus target price of $8.75.

The company has a market cap of $85.25 million and a price-to-earnings ratio of 80.00. The stock has a 50-day moving average of $4.69 and a 200-day moving average of $5.45.

Sharps Compliance Corp. (NASDAQ:SMED) last released its earnings results on Wednesday, April 27th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.01) by $0.06. The business earned $8.70 million during the quarter, compared to analysts’ expectations of $7.67 million. Sharps Compliance Corp.’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.05) EPS. Equities research analysts anticipate that Sharps Compliance Corp. will post $0.05 earnings per share for the current fiscal year.

An institutional investor recently raised its position in Sharps Compliance Corp. stock. Neuberger Berman Group LLC raised its stake in Sharps Compliance Corp. (NASDAQ:SMED) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 203,147 shares of the company’s stock after buying an additional 11,622 shares during the period. Neuberger Berman Group LLC owned approximately 1.31% of Sharps Compliance Corp. worth $1,767,000 as of its most recent SEC filing.

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.

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