Summer Infant, Inc. (NASDAQ:SUMR) CEO Mark Messner purchased 16,500 shares of the business’s stock in a transaction dated Tuesday, March 6th. The stock was bought at an average price of $1.35 per share, for a total transaction of $22,275.00. Following the completion of the acquisition, the chief executive officer now owns 121,500 shares of the company’s stock, valued at approximately $164,025. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Summer Infant, Inc. (NASDAQ SUMR) traded down $0.04 during trading hours on Friday, reaching $1.25. 91,928 shares of the company were exchanged, compared to its average volume of 37,513. Summer Infant, Inc. has a 52 week low of $0.90 and a 52 week high of $2.25. The stock has a market capitalization of $21.46, a price-to-earnings ratio of -10.42 and a beta of -0.17. The company has a current ratio of 1.92, a quick ratio of 1.01 and a debt-to-equity ratio of 3.21.
Summer Infant (NASDAQ:SUMR) last released its quarterly earnings data on Tuesday, February 20th. The company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.06). Summer Infant had a positive return on equity of 8.20% and a negative net margin of 1.18%. The business had revenue of $46.82 million during the quarter, compared to analysts’ expectations of $49.17 million. sell-side analysts predict that Summer Infant, Inc. will post 0.1 EPS for the current fiscal year.
A number of research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Summer Infant from a “strong sell” rating to a “hold” rating in a report on Friday, January 5th. Roth Capital restated a “buy” rating on shares of Summer Infant in a report on Thursday, February 22nd. Finally, ValuEngine upgraded shares of Summer Infant from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $2.50.
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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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