Summer Infant Inc. (SUMR) Reaches New 52-Week High at $2.31
Summer Infant Inc. (NASDAQ:SUMR) shares hit a new 52-week high on Friday . The company traded as high as $2.31 and last traded at $2.20, with a volume of 67,334 shares. The stock had previously closed at $1.98.
A number of research analysts have weighed in on SUMR shares. Zacks Investment Research raised Summer Infant from a “hold” rating to a “buy” rating and set a $2.00 price target on the stock in a research note on Thursday, July 7th. Piper Jaffray Cos. reissued an “overweight” rating and set a $2.00 price target on shares of Summer Infant in a research note on Wednesday.
The stock’s market capitalization is $40.53 million. The company has a 50 day moving average price of $1.80 and a 200-day moving average price of $1.68.
Summer Infant (NASDAQ:SUMR) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.01. Analysts predict 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 raised its stake in Summer Infant Inc. (NASDAQ:SUMR) by 32.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 about 2.70% of Summer Infant worth $1,104,000 as of its most recent SEC filing.
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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