Sharps Compliance (NASDAQ:SMED) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “Headquartered in Houston, Texas, SHARPS COMPLIANCE is a leading provider of cost-effective disposal solutions for small quantity generators of medical waste. The Company’s flagship product, the Sharps Disposal by Mail System, is a cost-effective and easy-to-use solution to dispose of medical waste such as hypodermic needles, lancets and any other medical device or objects used to puncture or lacerate the skin. The Company also offers a number of products specifically designed for the home healthcare market. Sharps Compliance focuses on targeted growth markets such as the pharmaceutical, retail, healthcare, commercial, professional and hospitality markets, as well as serving a variety of additional markets. Sharps is a leading proponent and participant in the development of public awareness and solutions for the safe disposal of needles, syringes and other sharps in the community setting. “
Sharps Compliance (NASDAQ SMED) opened at $4.55 on Wednesday. The firm has a market cap of $73.98, a price-to-earnings ratio of 455.46, a price-to-earnings-growth ratio of 3.50 and a beta of 0.60. The company has a quick ratio of 1.87, a current ratio of 2.46 and a debt-to-equity ratio of 0.07. Sharps Compliance has a 12 month low of $3.74 and a 12 month high of $5.73.
Several hedge funds have recently made changes to their positions in the company. Goodman Financial Corp raised its holdings in shares of Sharps Compliance by 7.0% in the third quarter. Goodman Financial Corp now owns 1,006,500 shares of the industrial products company’s stock valued at $4,811,000 after purchasing an additional 65,799 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Sharps Compliance by 8.3% in the fourth quarter. Renaissance Technologies LLC now owns 432,300 shares of the industrial products company’s stock valued at $1,768,000 after purchasing an additional 33,300 shares during the last quarter. Cadence Capital Management LLC raised its holdings in shares of Sharps Compliance by 9.1% in the fourth quarter. Cadence Capital Management LLC now owns 219,944 shares of the industrial products company’s stock valued at $900,000 after purchasing an additional 18,422 shares during the last quarter. Wells Fargo & Company MN purchased a new stake in shares of Sharps Compliance in the fourth quarter valued at about $583,000. Finally, Quantum Capital Management purchased a new stake in shares of Sharps Compliance in the third quarter valued at about $507,000. Institutional investors own 23.97% of the company’s stock.
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Sharps Compliance 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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