Summer Infant Inc. (SUMR) Sets New 52-Week High at $2.31
Shares of Summer Infant Inc. (NASDAQ:SUMR) hit a new 52-week high during trading on Friday . The stock traded as high as $2.31 and last traded at $2.20, with a volume of 67,334 shares trading hands. The stock had previously closed at $1.98.
SUMR has been the subject of several research reports. Zacks Investment Research upgraded shares of Summer Infant from a “hold” rating to a “buy” rating and set a $2.00 price objective for the company in a research note on Thursday, July 7th. Piper Jaffray Cos. restated an “overweight” rating and set a $2.00 price objective on shares of Summer Infant in a research note on Wednesday.
The firm’s 50-day moving average is $1.78 and its 200-day moving average is $1.68. The stock’s market capitalization is $40.53 million.
Summer Infant (NASDAQ:SUMR) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.01. On average, equities research analysts anticipate that Summer Infant Inc. will post $0.11 earnings per share for the current year.
An institutional investor recently raised its position in Summer Infant stock. State of New Jersey Common Pension Fund D increased its stake in shares of Summer Infant Inc. (NASDAQ:SUMR) by 32.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 495,000 shares of the company’s stock after buying an additional 122,000 shares during the period. State of New Jersey Common Pension Fund D owned approximately 2.70% of Summer Infant worth $1,104,000 at the end of the most recent reporting period.
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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