Sharps Compliance (SMED) Earning Somewhat Positive News Coverage, Study Finds

News stories about Sharps Compliance (NASDAQ:SMED) have been trending somewhat positive on Saturday, according to Accern. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sharps Compliance earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 46.861568490977 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

SMED has been the subject of a number of analyst reports. Zacks Investment Research upgraded Sharps Compliance from a “sell” rating to a “hold” rating in a research report on Wednesday, February 28th. Stifel Nicolaus lowered Sharps Compliance from a “buy” rating to a “hold” rating and reduced their price objective for the company from $6.00 to $4.00 in a research report on Monday, April 30th. Finally, ValuEngine lowered Sharps Compliance from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st.

Sharps Compliance remained flat at $$3.80 during midday trading on Friday, reports. The company had a trading volume of 20,138 shares, compared to its average volume of 20,318. Sharps Compliance has a twelve month low of $3.70 and a twelve month high of $5.73. The firm has a market cap of $61.11 million, a price-to-earnings ratio of -95.00, a P/E/G ratio of 6.24 and a beta of 0.62. The company has a quick ratio of 2.02, a current ratio of 2.70 and a debt-to-equity ratio of 0.06.

Sharps Compliance (NASDAQ:SMED) last released its quarterly earnings data on Wednesday, April 25th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter. Sharps Compliance had a net margin of 0.11% and a return on equity of 0.19%. The company had revenue of $9.43 million for the quarter, compared to analyst estimates of $9.67 million. During the same quarter in the prior year, the firm earned ($0.04) EPS. sell-side analysts forecast that Sharps Compliance will post 0.03 EPS for the current fiscal year.

About Sharps Compliance

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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