Summer Infant (SUMR) Given News Sentiment Score of 0.10
Media headlines about Summer Infant (NASDAQ:SUMR) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Summer Infant earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.7950013805016 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several brokerages have weighed in on SUMR. Zacks Investment Research raised Summer Infant from a “hold” rating to a “strong-buy” rating and set a $2.00 price objective for the company in a report on Tuesday, August 8th. FBR & Co reaffirmed an “outperform” rating and issued a $2.50 price objective on shares of Summer Infant in a report on Tuesday, July 11th. Finally, ValuEngine cut Summer Infant from a “hold” rating to a “sell” rating in a report on Friday, June 23rd.
Summer Infant (NASDAQ SUMR) opened at 1.95 on Monday. Summer Infant has a one year low of $1.65 and a one year high of $2.44. The firm’s market capitalization is $36.25 million. The firm has a 50-day moving average price of $1.78 and a 200 day moving average price of $1.84.
Summer Infant (NASDAQ:SUMR) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01. Summer Infant had a positive return on equity of 0.56% and a negative net margin of 1.82%. The company had revenue of $52.58 million for the quarter, compared to the consensus estimate of $46.33 million. Analysts anticipate that Summer Infant will post $0.14 EPS for the current fiscal year.
In other Summer Infant news, major shareholder Wynnefield Partners Small Cap acquired 15,000 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were bought at an average price of $1.86 per share, for a total transaction of $27,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 625,774 shares of company stock worth $1,102,305 in the last quarter. 8.40% of the stock is currently owned by company insiders.
Summer Infant Company Profile
Summer Infant, Inc is an infant and juvenile products company. The Company is engaged in the juvenile industry, providing mothers and caregivers a range of products to care for babies and toddlers. As of December 31, 2016, it marketed over 1,100 products in several product categories, including monitoring, safety, nursery, baby gear and feeding products.
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