Summer Infant Inc. (SUMR) Shares Down 0.5%
Summer Infant Inc. (NASDAQ:SUMR)’s share price traded down 0.5% during trading on Monday . The stock traded as low as $2.14 and last traded at $2.21, with a volume of 69,923 shares. The stock had previously closed at $2.22.
Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Summer Infant from a “hold” rating to a “buy” rating and set a $2.00 price target for the company in a research report on Thursday, July 7th. Piper Jaffray Cos. restated an “overweight” rating and set a $2.00 price target on shares of Summer Infant in a research report on Wednesday, August 3rd.
The company has a 50-day moving average of $1.87 and a 200-day moving average of $1.69. The stock’s market capitalization is $40.77 million.
In other Summer Infant news, major shareholder Wynnefield Partners Small Cap acquired 120,991 shares of Summer Infant stock in a transaction dated Monday, August 8th. The stock was bought at an average cost of $2.20 per share, with a total value of $266,180.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Summer Infant, Inc (Summer) is an infant and juvenile products company. The Company creates branded juvenile safety and infant care products (targeted for ages 0 to 3 years) that are focused to deliver a range of parenting solutions to families. It markets over 1,100 products in various product categories, including monitoring, safety, nursery, baby gear and feeding products.
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