Sharps Technology (NASDAQ:STSS) Stock Rating Upgraded by Wall Street Zen

Sharps Technology (NASDAQ:STSS) was upgraded by research analysts at Wall Street Zen from a “strong sell” rating to a “hold” rating in a report released on Thursday.

Sharps Technology Trading Up 2.8%

Shares of Sharps Technology stock opened at $4.05 on Thursday. The firm has a market capitalization of $218,700.00, a PE ratio of -0.50 and a beta of 2.14. The firm’s 50 day moving average is $14.16 and its 200 day moving average is $319.60. Sharps Technology has a 1 year low of $3.36 and a 1 year high of $5,446.32.

Sharps Technology (NASDAQ:STSS) last announced its quarterly earnings results on Thursday, May 15th. The company reported $38.62 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Sharps Technology

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Altium Capital Management LLC bought a new stake in shares of Sharps Technology during the 1st quarter valued at approximately $110,000. Anson Funds Management LP grew its holdings in Sharps Technology by 4,763.2% during the 1st quarter. Anson Funds Management LP now owns 1,800,000 shares of the company’s stock worth $54,000 after acquiring an additional 1,762,987 shares during the last quarter. Finally, Essential Planning LLC. grew its holdings in Sharps Technology by 22.7% during the 4th quarter. Essential Planning LLC. now owns 199,854 shares of the company’s stock worth $412,000 after acquiring an additional 37,029 shares during the last quarter. 17.17% of the stock is owned by institutional investors.

About Sharps Technology

Sharps Technology, Inc, a medical device company, researches, designs, develops, manufactures, distributes, and sells safety syringe products in the United States. It offers Sharps Provensa, an ultra-low waste space syringe for the administration of various vaccines and injectable medications. Sharps Technology, Inc was incorporated in 2017 and is based in Melville, New York.