Shares of Summer Infant, Inc. (NASDAQ:SUMR) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokerages have set a one year consensus price objective of $1.00 for the company and are predicting that the company will post $0.03 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Summer Infant an industry rank of 98 out of 256 based on the ratings given to related companies.
Separately, Zacks Investment Research downgraded shares of Summer Infant from a “hold” rating to a “sell” rating in a research note on Saturday, March 2nd.
A hedge fund recently raised its stake in Summer Infant stock. Renaissance Technologies LLC increased its stake in Summer Infant, Inc. (NASDAQ:SUMR) by 49.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 498,936 shares of the company’s stock after purchasing an additional 165,336 shares during the quarter. Renaissance Technologies LLC owned 2.65% of Summer Infant worth $788,000 at the end of the most recent quarter. Institutional investors and hedge funds own 47.29% of the company’s stock.
Shares of Summer Infant stock traded up $0.01 on Monday, reaching $0.71. The company had a trading volume of 500 shares, compared to its average volume of 43,210. The company has a market capitalization of $12.82 million, a price-to-earnings ratio of -23.67 and a beta of 0.35. Summer Infant has a 52-week low of $0.66 and a 52-week high of $1.98. The company has a debt-to-equity ratio of 7.11, a quick ratio of 1.08 and a current ratio of 2.08.
Summer Infant (NASDAQ:SUMR) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. The business had revenue of $42.54 million for the quarter, compared to the consensus estimate of $41.60 million. Summer Infant had a negative net margin of 1.69% and a negative return on equity of 9.43%. Equities analysts expect that Summer Infant will post -0.05 earnings per share for the current year.
Summer Infant Company Profile
Summer Infant, Inc, together with its subsidiaries, designs, markets, and distributes branded juvenile health, safety, and wellness products primarily worldwide. It offers audio and video monitors; safety products, including gates, bedrails, baby proofing products, potties, bath products, positioners, and infant health products; nursery products, such as specialty blankets, sleep aides and soothers, and travel accessories; and baby gear products consisting of strollers, bassinets, high chairs, and playards under the Summer, SwaddleMe, and born free brand names.
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