Sharps Compliance Corp. (NASDAQ:SMED)’s share price traded up 3.9% 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 equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Sharps Compliance Corp. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 3rd. Barrington Research lowered their price objective on shares of Sharps Compliance Corp. from $9.00 to $6.00 and set an “outperform” rating on the stock in a research note 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’s stock. Sharps Compliance Corp. currently has a consensus rating of “Buy” and a consensus target price of $8.75.

The company has a 50 day moving average price of $4.65 and a 200-day moving average price of $5.47. The stock has a market cap of $86.95 million and a P/E ratio of 81.59.

Sharps Compliance Corp. (NASDAQ:SMED) last posted its quarterly earnings data on Wednesday, April 27th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. During the same period in the prior year, the company posted ($0.05) earnings per share. The company earned $8.70 million during the quarter, compared to analysts’ expectations of $7.67 million. The business’s revenue was up 8.1% compared to the same quarter last year. On average, equities analysts forecast that Sharps Compliance Corp. will post $0.05 earnings per share for the current year.

A hedge fund recently raised its stake in Sharps Compliance Corp. stock. EAM Investors LLC boosted its stake in shares of Sharps Compliance Corp. (NASDAQ:SMED) by 37.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 382,861 shares of the company’s stock after buying an additional 104,002 shares during the period. EAM Investors LLC owned approximately 2.48% of Sharps Compliance Corp. worth $3,331,000 as of its most recent filing with the SEC.

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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