Summer Infant (NASDAQ:SUMR) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
A number of other research analysts also recently issued reports on SUMR. B. Riley reiterated a “buy” rating on shares of Summer Infant in a report on Thursday, November 2nd. Roth Capital reiterated a “buy” rating on shares of Summer Infant in a report on Thursday, February 22nd. Finally, Zacks Investment Research upgraded Summer Infant from a “strong sell” rating to a “hold” rating in a report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $2.50.
Shares of Summer Infant (NASDAQ SUMR) opened at $1.07 on Tuesday. The company has a current ratio of 1.92, a quick ratio of 1.01 and a debt-to-equity ratio of 3.21. The firm has a market capitalization of $20.31, a price-to-earnings ratio of -8.92 and a beta of -0.35. Summer Infant has a 1 year low of $0.90 and a 1 year high of $2.25.
Large investors have recently made changes to their positions in the company. Quantum Capital Management increased its holdings in shares of Summer Infant by 750.5% in the 3rd quarter. Quantum Capital Management now owns 227,936 shares of the company’s stock valued at $431,000 after acquiring an additional 201,136 shares during the period. Macquarie Group Ltd. purchased a new position in shares of Summer Infant in the 3rd quarter valued at $141,000. Janus Henderson Group PLC purchased a new position in shares of Summer Infant in the 2nd quarter valued at $146,000. Renaissance Technologies LLC increased its holdings in shares of Summer Infant by 15.2% in the 4th quarter. Renaissance Technologies LLC now owns 340,800 shares of the company’s stock valued at $511,000 after acquiring an additional 45,000 shares during the period. Finally, Municipal Employees Retirement System of Michigan purchased a new position in shares of Summer Infant in the 4th quarter valued at $333,000. Institutional investors and hedge funds own 50.66% of the company’s stock.
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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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