Sharps Compliance (SMED) Reaches New 12-Month Low at $3.40
Sharps Compliance Corp. (NASDAQ:SMED) shares reached a new 52-week low during trading on Friday . The stock traded as low as $3.40 and last traded at $3.54, with a volume of 1 shares traded. The stock had previously closed at $3.54.
SMED has been the topic of several research analyst reports. ValuEngine raised Sharps Compliance from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Zacks Investment Research lowered Sharps Compliance from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 1st. Stifel Nicolaus lowered Sharps Compliance from a “buy” rating to a “hold” rating and cut their price target for the stock from $6.00 to $4.00 in a research report on Monday, April 30th. Finally, TheStreet lowered Sharps Compliance from a “c-” rating to a “d+” rating in a research report on Wednesday, June 27th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $5.50.
The company has a debt-to-equity ratio of 0.06, a current ratio of 2.70 and a quick ratio of 2.02.
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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