Sharps Compliance Corp (NASDAQ:SMED) hit a new 52-week high on Thursday . The company traded as high as $5.36 and last traded at $5.36, with a volume of 86,733 shares trading hands. The stock had previously closed at $4.94.

Separately, Zacks Investment Research raised Sharps Compliance Corp from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 5th.

The firm’s 50 day moving average price is $4.39 and its 200 day moving average price is $4.44. The stock’s market capitalization is $85.63 million.

Sharps Compliance Corp (NASDAQ:SMED) last issued its earnings results on Thursday, August 10th. The industrial products company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.01. The firm had revenue of $10.36 million during the quarter, compared to analysts’ expectations of $10.51 million. Sharps Compliance Corp had a negative return on equity of 3.66% and a negative net margin of 4.47%. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period last year, the business posted $0.01 earnings per share. Equities analysts predict that Sharps Compliance Corp will post ($0.08) EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Mesirow Financial Investment Management Equity Management raised its position in shares of Sharps Compliance Corp by 32.5% in the first quarter. Mesirow Financial Investment Management Equity Management now owns 57,013 shares of the industrial products company’s stock valued at $272,000 after buying an additional 13,972 shares during the period. Cadence Capital Management LLC raised its position in shares of Sharps Compliance Corp by 4.1% in the first quarter. Cadence Capital Management LLC now owns 168,590 shares of the industrial products company’s stock valued at $802,000 after buying an additional 6,710 shares during the period. Lapides Asset Management LLC raised its position in shares of Sharps Compliance Corp by 18.5% in the first quarter. Lapides Asset Management LLC now owns 168,800 shares of the industrial products company’s stock valued at $803,000 after buying an additional 26,400 shares during the period. North Star Investment Management Corp. raised its position in shares of Sharps Compliance Corp by 98.5% in the second quarter. North Star Investment Management Corp. now owns 193,350 shares of the industrial products company’s stock valued at $818,000 after buying an additional 95,922 shares during the period. Finally, Goodman Financial Corp raised its position in shares of Sharps Compliance Corp by 5.0% in the first quarter. Goodman Financial Corp now owns 927,955 shares of the industrial products company’s stock valued at $4,417,000 after buying an additional 44,506 shares during the period. 26.14% of the stock is currently owned by institutional investors and hedge funds.

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Sharps Compliance Corp Company Profile

Sharps Compliance Corp. is a provider of waste management services, including medical, pharmaceutical and hazardous. The Company’s solutions include Sharps Recovery System, TakeAway Medication Recovery System, MedSafe, Route-Based Pickup Service, TakeAway Recycle System, ComplianceTRAC, Universal Waste Shipback Systems and Other Solutions.

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