Sharps Compliance Corp. (NASDAQ:SMED) shares traded down 6% during mid-day trading on Monday . The company traded as low as $5.00 and last traded at $5.00, with a volume of 82,060 shares changing hands. The stock had previously closed at $5.32.

A number of research analysts have recently issued reports on the company. Zacks Investment Research upgraded Sharps Compliance Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 12th. Barrington Research lowered their price objective 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 analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $8.75.

The firm has a market capitalization of $77.84 million and a PE ratio of 73.04. The firm has a 50 day moving average price of $4.86 and a 200-day moving average price of $5.29.

Sharps Compliance Corp. (NASDAQ:SMED) last announced its quarterly earnings results on Wednesday, April 27th. The company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.06. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. The business had revenue of $8.70 million for the quarter, compared to analysts’ expectations of $7.67 million. The business’s quarterly revenue was up 8.1% on a year-over-year basis. Equities analysts expect 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 boosted its position in Sharps Compliance Corp. (NASDAQ:SMED) by 6.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 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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