Barrington Reaffirms Their Buy Rating on Sharps Compliance Corp (SMED)


In a report released today, Kevin Steinke from Barrington maintained a Buy rating on Sharps Compliance Corp (SMED), with a price target of $4.50. The company’s shares opened today at $3.37.

According to TipRanks.com, Steinke is a 1-star analyst with an average return of -1.9% and a 42.9% success rate. Steinke covers the Services sector, focusing on stocks such as Cross Country Healthcare, Echo Global Logistics, and Heidrick & Struggles.

Currently, the analyst consensus on Sharps Compliance Corp is a Moderate Buy with an average price target of $4.50.

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Based on Sharps Compliance Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $1.13 million. In comparison, last year the company had a GAAP net loss of $757K.

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Sharps Compliance Corp. engages in the provision of waste management services including medical, pharmaceutical, and hazardous. It focuses on developing cost-effective management solutions for medical waste and unused dispensed medications generated by small and medium quantity generators.

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