Sharps Compliance Corp (NASDAQ:SMED) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Friday.

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

Sharps Compliance Corp (NASDAQ:SMED) opened at 5.50 on Friday. The stock’s 50 day moving average is $4.43 and its 200-day moving average is $4.45. Sharps Compliance Corp has a 52-week low of $3.32 and a 52-week high of $5.55. The company’s market cap is $88.03 million.

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

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A number of large investors have recently bought and sold shares of SMED. Mesirow Financial Investment Management Equity Management raised its stake in 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 last quarter. Lapides Asset Management LLC raised its stake in Sharps Compliance Corp by 2.3% in the second quarter. Lapides Asset Management LLC now owns 172,600 shares of the industrial products company’s stock valued at $730,000 after buying an additional 3,800 shares during the last quarter. Cadence Capital Management LLC raised its stake in Sharps Compliance Corp by 5.3% in the second quarter. Cadence Capital Management LLC now owns 177,450 shares of the industrial products company’s stock valued at $751,000 after buying an additional 8,860 shares during the last quarter. North Star Investment Management Corp. raised its stake in 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 last quarter. Finally, Goodman Financial Corp raised its stake in Sharps Compliance Corp by 1.4% in the second quarter. Goodman Financial Corp now owns 940,701 shares of the industrial products company’s stock valued at $3,979,000 after buying an additional 12,746 shares during the last quarter. 26.14% of the stock is currently owned by institutional investors and hedge funds.

About Sharps Compliance Corp

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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