Sharps Compliance Corp. (NASDAQ:SMED) Director Sells $37,500.00 in Stock

Sharps Compliance Corp. (NASDAQ:SMED) Director John W. Dalton sold 5,000 shares of Sharps Compliance stock in a transaction on Monday, September 14th. The shares were sold at an average price of $7.50, for a total value of $37,500.00. Following the transaction, the director now owns 943,338 shares in the company, valued at $7,075,035. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Sharps Compliance stock traded up $0.05 during midday trading on Wednesday, hitting $7.65. The company’s stock had a trading volume of 89,158 shares, compared to its average volume of 223,146. The firm has a market capitalization of $125.28 million, a P/E ratio of 58.85, a PEG ratio of 2.89 and a beta of -0.61. The stock has a 50-day simple moving average of $7.69 and a 200-day simple moving average of $6.89. The company has a quick ratio of 1.41, a current ratio of 1.83 and a debt-to-equity ratio of 0.34. Sharps Compliance Corp. has a 1-year low of $3.74 and a 1-year high of $8.99.

Sharps Compliance (NASDAQ:SMED) last announced its quarterly earnings results on Wednesday, August 19th. The industrial products company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.12. Sharps Compliance had a return on equity of 8.11% and a net margin of 4.43%. During the same period in the previous year, the company earned $0.03 earnings per share. As a group, sell-side analysts predict that Sharps Compliance Corp. will post 0.11 earnings per share for the current year.

A number of equities analysts recently issued reports on SMED shares. Zacks Investment Research upgraded Sharps Compliance from a “sell” rating to a “hold” rating in a report on Thursday, August 27th. TheStreet upgraded Sharps Compliance from a “c” rating to a “b” rating in a report on Friday, August 21st. Lake Street Capital started coverage on Sharps Compliance in a report on Wednesday, July 15th. They issued a “buy” rating and a $10.00 target price on the stock. Finally, Barrington Research restated a “buy” rating and issued a $9.00 target price on shares of Sharps Compliance in a report on Friday, August 21st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $8.25.

Institutional investors have recently bought and sold shares of the company. American International Group Inc. bought a new position in Sharps Compliance during the second quarter valued at about $61,000. New York State Common Retirement Fund bought a new stake in shares of Sharps Compliance in the 2nd quarter valued at approximately $94,000. Bank of America Corp DE bought a new stake in shares of Sharps Compliance in the 2nd quarter valued at approximately $105,000. Hancock Whitney Corp acquired a new position in shares of Sharps Compliance in the 2nd quarter worth approximately $121,000. Finally, Cpwm LLC boosted its holdings in shares of Sharps Compliance by 22.8% in the 2nd quarter. Cpwm LLC now owns 17,450 shares of the industrial products company’s stock worth $123,000 after acquiring an additional 3,240 shares in the last quarter. Institutional investors and hedge funds own 43.59% of the company’s stock.

Sharps Compliance Company Profile

Sharps Compliance Corp. provides medical, pharmaceutical, and hazardous waste management services in the United States. It offers Sharps Recovery System for the containment, transportation, treatment, and tracking of medical waste and used healthcare materials generated outside the hospital and health care facility settings; TakeAway Medication Recovery System, a solution that facilitates the proper disposal of unused medications; MedSafe, a solution for the safe collection, transportation, and proper disposal of unwanted and expired prescription medications; and ComplianceTRAC, a Web-based compliance and training program.

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