Sharps Compliance Corp. (NASDAQ:SMED)’s share price rose 11.6% on Wednesday . The stock traded as high as $5.08 and last traded at $5.02, with a volume of 60,486 shares trading hands. The stock had previously closed at $4.50.

SMED has been the subject of several recent research reports. Zacks Investment Research upgraded Sharps Compliance Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, April 5th. Barrington Research reduced their price target on Sharps Compliance Corp. from $9.00 to $6.00 and set an “outperform” rating for the company in a research report on Tuesday, June 21st. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $8.75.

The firm has a market capitalization of $77.53 million and a P/E ratio of 72.75. The stock’s 50 day moving average is $4.40 and its 200-day moving average is $5.56.

Sharps Compliance Corp. (NASDAQ:SMED) last released its quarterly earnings data on Wednesday, April 27th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.06. The company earned $8.70 million during the quarter, compared to analyst estimates of $7.67 million. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.05) earnings per share. On average, equities research analysts expect that Sharps Compliance Corp. will post $0.05 EPS 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 shares of Sharps Compliance Corp. (NASDAQ:SMED) by 6.1% during the fourth quarter, Holdings Channel reports. The firm owned 203,147 shares of the company’s stock after buying an additional 11,622 shares during the period. Neuberger Berman Group LLC owned about 1.31% of Sharps Compliance Corp. worth $1,767,000 at the end of the most recent reporting period.

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.