Stock Buzzer: Is Sharps Compliance Corp.’s Fuel Running Low? The Stock Reaches Yearly Low Today

Stock Buzzer: Is Sharps Compliance Corp.'s Fuel Running Low? The Stock Reaches Yearly Low Today

The stock of Sharps Compliance Corp. (NASDAQ:SMED) hit a new 52-week low and has $3.47 target or 14.00% below today’s $4.03 share price. The 9 months bearish chart indicates high risk for the $62.27M company. The 1-year low was reported on Oct, 28 by Barchart.com. If the $3.47 price target is reached, the company will be worth $8.72 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 35,289 shares traded hands or 138.04% up from the average. Sharps Compliance Corp. (NASDAQ:SMED) has declined 22.86% since March 28, 2016 and is downtrending. It has underperformed by 27.57% the S&P500.

Sharps Compliance Corp. (NASDAQ:SMED) Ratings Coverage

Out of 2 analysts covering Sharps Compliance (NASDAQ:SMED), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Sharps Compliance has been the topic of 2 analyst reports since September 23, 2015 according to StockzIntelligence Inc. The firm has “Equal-Weight” rating given on Friday, August 12 by First Analysis. The firm earned “Buy” rating on Wednesday, September 23 by Stifel Nicolaus.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment is 1 in 2016 Q2. Its the same as in 2016Q1. The ratio is without change, as 4 funds sold all Sharps Compliance Corp. shares owned while 10 reduced positions. only 4 funds bought stakes while 10 increased positions. They now own 3.63 million shares or 2.79% more from 3.53 million shares in 2016Q1.
Wesbanco Bancorp Inc holds 0.02% of its portfolio in Sharps Compliance Corp. (NASDAQ:SMED) for 62,000 shares. The New York-based Ingalls Snyder Ltd has invested 0.02% in Sharps Compliance Corp. (NASDAQ:SMED). Gsa Partners Ltd Liability Partnership holds 0.03% or 109,421 shares in its portfolio. Anderson Hoagland Com holds 84,610 shares or 0.23% of its portfolio. Deutsche Financial Bank Ag last reported 0% of its portfolio in the stock. Morgan Stanley, a New York-based fund reported 75,605 shares. California Employees Retirement Systems has 29,600 shares for 0% of their US portfolio. Thompson Davis accumulated 0.13% or 18,500 shares. The Pennsylvania-based Vanguard Group Inc Inc has invested 0% in Sharps Compliance Corp. (NASDAQ:SMED). Northern Tru Corporation last reported 23,855 shares in the company. Ranger Inv Mngmt Lp reported 268,990 shares or 0.07% of all its holdings. Oxford Asset Mgmt has invested 0.01% of its portfolio in Sharps Compliance Corp. (NASDAQ:SMED). The Tennessee-based Barnett & Company has invested 0% in Sharps Compliance Corp. (NASDAQ:SMED). Jpmorgan Chase & holds 0% of its portfolio in Sharps Compliance Corp. (NASDAQ:SMED) for 5,217 shares. Ladenburg Thalmann accumulated 0% or 5,963 shares.

More news for Sharps Compliance Corp. (NASDAQ:SMED) were recently published by: Quotes.Wsj.com, which released: “News Sharps Compliance Corp.SMED” on February 11, 2011. Twst.com‘s article titled: “Sharps Compliance Corp.: Sharps Compliance Reports Fiscal 2017 First Quarter …” and published on October 26, 2016 is yet another important article.

SMED Company Profile

Sharps Compliance Corp., incorporated on November 17, 1992, is a well-known 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. The Company’s solutions facilitate the collection, containment, transportation and treatment of various types of healthcare-related materials, including hypodermic needles, lancets and other devices or objects used to puncture or lacerate the skin, or sharps, hazardous waste and unused consumer dispensed medications and over-the-counter drugs.

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