Price Action to Note: Sharps Compliance Corp.’s Trend Down, Especially After Today’s 52-Week Low Hit

Price Action to Note: Sharps Compliance Corp.'s Trend Down, Especially After Today's 52 Week Low Hit

The stock of Sharps Compliance Corp. (NASDAQ:SMED) hit a new 52-week low and has $3.17 target or 12.00% below today’s $3.60 share price. The 6 months bearish chart indicates high risk for the $52.61M company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $3.17 price target is reached, the company will be worth $6.31 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. The stock increased 5.88% or $0.2 on November 2, hitting $3.6. About 30,141 shares traded hands or 28.47% up from the average. Sharps Compliance Corp. (NASDAQ:SMED) has declined 38.18% since March 31, 2016 and is downtrending. It has underperformed by 40.71% 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 stock has “Equal-Weight” rating given by First Analysis on Friday, August 12. Stifel Nicolaus maintained the shares of SMED in a report on Wednesday, September 23 with “Buy” rating.

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 the same, 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.
Anderson Hoagland accumulated 0.23% or 84,610 shares. Renaissance Tech Ltd Liability Co holds 0% or 471,605 shares in its portfolio. Jpmorgan Chase reported 5,217 shares or 0% of all its holdings. Gp One Trading L P has 200 shares for 0% of their US portfolio. Blackrock Investment Management Ltd Liability Corp holds 2,153 shares or 0% of its portfolio. Heartland Advisors Inc last reported 340,510 shares in the company. Oxford Asset Mngmt holds 0.01% or 33,853 shares in its portfolio. Vanguard Group Incorporated Inc has 492,553 shares for 0% of their US portfolio. Goodman Financial Corporation, a Texas-based fund reported 821,849 shares. Blackrock Advisors Limited Liability Com has 0% invested in the company for 3,499 shares. Ingalls And Snyder Ltd Limited Liability Company accumulated 0.02% or 72,337 shares. Neuberger Berman Gp Limited Liability holds 172,997 shares or 0% of its portfolio. Tower Cap Lc (Trc) holds 0% of its portfolio in Sharps Compliance Corp. (NASDAQ:SMED) for 1,542 shares. The Ontario – Canada-based Manufacturers Life Insurance The has invested 0% in Sharps Compliance Corp. (NASDAQ:SMED). Wesbanco Financial Bank Incorporated last reported 62,000 shares in the company.

Another recent and important Sharps Compliance Corp. (NASDAQ:SMED) news was published by Quotes.Wsj.com which published an article titled: “News Sharps Compliance Corp.SMED” on February 11, 2011.

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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