StockNews.com Initiates Coverage on Stericycle (NASDAQ:SRCL)

Stock analysts at StockNews.com began coverage on shares of Stericycle (NASDAQ:SRCL) in a research note issued on Tuesday. The firm set a “hold” rating on the business services provider’s stock.

Stericycle Price Performance

SRCL stock opened at $61.98 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.13 and a current ratio of 1.20. The business has a 50-day simple moving average of $61.29 and a two-hundred day simple moving average of $57.49. The company has a market capitalization of $5.75 billion, a P/E ratio of 163.11, a price-to-earnings-growth ratio of 3.38 and a beta of 1.10. Stericycle has a 52-week low of $37.78 and a 52-week high of $61.99.

Institutional Trading of Stericycle

Institutional investors and hedge funds have recently made changes to their positions in the company. Clearstead Trust LLC purchased a new stake in Stericycle in the 1st quarter valued at about $25,000. Headlands Technologies LLC bought a new position in Stericycle in the 1st quarter valued at $44,000. International Assets Investment Management LLC purchased a new stake in shares of Stericycle during the 2nd quarter valued at $45,000. Quest Partners LLC raised its stake in shares of Stericycle by 4,172.7% during the 2nd quarter. Quest Partners LLC now owns 940 shares of the business services provider’s stock worth $55,000 after purchasing an additional 918 shares during the period. Finally, Summit Securities Group LLC purchased a new position in shares of Stericycle in the 2nd quarter worth about $58,000. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Stericycle Company Profile

Stericycle, Inc, together with its subsidiaries, provides regulated waste and compliance services in the United States, Europe, and internationally. The company offers regulated waste and compliance services, including regulated medical waste, sharps waste management and disposal, pharmaceutical waste management and disposal, chemotherapy waste and disposal, controlled substance waste disposal, healthcare hazardous waste, and integrated waste stream solutions; specialty services, such as MedDrop medication collection kiosks, safe community solutions, SafeDrop sharps mailback solutions, and airport and maritime waste services; medical supply store services, that includes sharps and disposable biohazardous waste containers, infection control supplies, and seal&send medication mail back; and compliance solutions including Steri-Safe compliance solutions.