Sharps Compliance Corp. (SMED) was Reiterated by Barrington Research to “Outperform” while Lowering the Price Target of the company shares to $ 6 from a previous price target of $9 . Barrington Research advised their investors in a research report released on Jun 21, 2016.
On the company’s financial health, Sharps Compliance Corp. reported $-0.07 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $-0.03. The company had revenue of $6.70 million for the quarter, compared to analysts expectations of $7.22 million. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.05 EPS.
Sharps Compliance Corp. closed down -0.02 points or -0.45% at $4.39 with 7,334 shares getting traded on Monday. Post opening the session at $4.43, the shares hit an intraday low of $4.36 and an intraday high of $4.43 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Sep 14, 2015, Khairan M Aladwani (V. P. of Quality Control) sold 4,000 shares at $8.50 per share price. According to the SEC, on Sep 11, 2015, David P Tusa (CEO and President) sold 7,500 shares at $9.05 per share price. On Sep 10, 2015, Brandon Beaver (Senior Vice-President of Sales) sold 22,500 shares at $8.45 per share price, according to the Form-4 filing with the securities and exchange commission.
Sharps Compliance Corp. is a service provider of waste management services including medical pharmaceutical and hazardous. The Companys solutions facilitate the proper collection containment transportation and treatment of numerous types of healthcare-related materials including hypodermic needles lancets and other devices or objects used to puncture or lacerate the skin or sharps and unused consumer dispensed medications and over-the-counter drugs. The Company serves customers in multiple markets such as home health care retail clinics and immunizing pharmacies pharmaceutical manufacturers professional offices assisted living and long-term care Government consumers commercial and agriculture as well as distributors to markets. The Companys solutions include Sharps Recovery System TakeAway Environmental Return System ComplianceTRAC Route-Based Pick-Up Service Universal Waste Shipback Systems and other solutions.