Sharps Compliance Corp. (SMED) was Downgraded by First Analysis Sec to ” Equal-Weight” while Lowering the Price Target of the company shares to $ 6 from a previous price target of $9 . Earlier the firm had a rating of “Overweight ” on the company shares. First Analysis Sec advised their investors in a research report released on Aug 12, 2016.
Many Wall Street Analysts have commented on Sharps Compliance Corp.. Shares were Reiterated by Barrington Research on Jun 21, 2016 to “Outperform” and Lowered the Price Target to $ 6 from a previous price target of $9 .
On the company’s financial health, Sharps Compliance Corp. reported $0.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Aug 10, 2016. Analyst had a consensus of $0.06. The company had revenue of $8.90 million for the quarter, compared to analysts expectations of $9.44 million. The company’s revenue was down -1.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.08 EPS.
Sharps Compliance Corp. opened for trading at $5.19 and hit $5.319 on the upside on Monday, eventually ending the session at $5.29, with a gain of 2.92% or 0.15 points. The heightened volatility saw the trading volume jump to 12,568 shares. Company has a market cap of $82 M.
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.