Stifel Nicolaus Lowers Sharps Compliance Corp (SMED) Price Target to $6.00

Sharps Compliance Corp (NASDAQ:SMED) had its price objective decreased by Stifel Nicolaus from $7.00 to $6.00 in a research report released on Thursday morning, MarketBeat reports. Stifel Nicolaus currently has a buy rating on the industrial products company’s stock.

Other research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Sharps Compliance Corp from a sell rating to a buy rating and set a $4.50 price objective on the stock in a report on Wednesday, October 25th. ValuEngine upgraded Sharps Compliance Corp from a sell rating to a hold rating in a research note on Friday, August 11th. Finally, First Analysis upgraded Sharps Compliance Corp from an equal weight rating to an overweight rating and set a $8.00 price target on the stock in a research note on Monday, August 14th.

Sharps Compliance Corp (NASDAQ SMED) traded down 0.5403% during midday trading on Thursday, hitting $4.1972. The stock had a trading volume of 583 shares. The company’s market cap is $67.19 million. Sharps Compliance Corp has a 12-month low of $3.32 and a 12-month high of $5.73. The firm has a 50-day moving average of $4.65 and a 200-day moving average of $4.52.

Sharps Compliance Corp (NASDAQ:SMED) last released its quarterly earnings data on Thursday, August 10th. The industrial products company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Sharps Compliance Corp had a negative net margin of 0.65% and a negative return on equity of 0.98%. The business had revenue of $10.36 million during the quarter, compared to analyst estimates of $10.51 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The company’s revenue was up 16.8% on a year-over-year basis. Equities research analysts forecast that Sharps Compliance Corp will post $0.08 EPS for the current year.

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A number of large investors have recently added to or reduced their stakes in the business. Goodman Financial Corp lifted its stake in Sharps Compliance Corp by 1.4% during the second quarter. Goodman Financial Corp now owns 940,701 shares of the industrial products company’s stock worth $3,979,000 after purchasing an additional 12,746 shares in the last quarter. North Star Investment Management Corp. increased its position in shares of Sharps Compliance Corp by 98.5% during the second quarter. North Star Investment Management Corp. now owns 193,350 shares of the industrial products company’s stock worth $818,000 after acquiring an additional 95,922 shares during the period. Cadence Capital Management LLC increased its position in shares of Sharps Compliance Corp by 5.3% during the second quarter. Cadence Capital Management LLC now owns 177,450 shares of the industrial products company’s stock worth $751,000 after acquiring an additional 8,860 shares during the period. Finally, Lapides Asset Management LLC increased its position in shares of Sharps Compliance Corp by 2.3% during the second quarter. Lapides Asset Management LLC now owns 172,600 shares of the industrial products company’s stock worth $730,000 after acquiring an additional 3,800 shares during the period. Institutional investors own 24.97% of the company’s stock.

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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