Shares of Sharps Compliance Corp. (NASDAQ:SMED) shot up 4.1% during trading on Wednesday . The stock traded as high as $4.61 and last traded at $4.61, with a volume of 53,354 shares changing hands. The stock had previously closed at $4.43.

A number of equities analysts have issued reports on the company. Zacks Investment Research cut Sharps Compliance Corp. from a “hold” rating to a “strong sell” rating in a report on Wednesday. First Analysis cut Sharps Compliance Corp. from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $9.00 to $6.00 in a report on Friday, August 12th. Finally, Barrington Research cut their price target on Sharps Compliance Corp. from $9.00 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, June 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. Sharps Compliance Corp. presently has an average rating of “Buy” and a consensus target price of $8.20.

The stock has a 50-day moving average price of $5.12 and a 200-day moving average price of $5.04. The firm has a market cap of $71.20 million and a PE ratio of 4610.00.

Sharps Compliance Corp. (NASDAQ:SMED) last posted its earnings results on Wednesday, August 10th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.04. During the same quarter in the previous year, the business earned $0.08 earnings per share. The firm earned $8.90 million during the quarter, compared to analysts’ expectations of $9 million. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, equities analysts anticipate that Sharps Compliance Corp. will post $0.14 earnings per share for the current fiscal year.

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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