Summer Infant, Inc. (NASDAQ:SUMR) Major Shareholder Sells $109,138.20 in Stock

Summer Infant, Inc. (NASDAQ:SUMRGet Rating) major shareholder Jason P. Macari sold 9,249 shares of the business’s stock in a transaction that occurred on Friday, April 22nd. The shares were sold at an average price of $11.80, for a total transaction of $109,138.20. Following the transaction, the insider now directly owns 354,868 shares of the company’s stock, valued at $4,187,442.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

SUMR opened at $11.84 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.57 and a debt-to-equity ratio of 14.53. The firm has a 50 day moving average price of $10.55 and a 200-day moving average price of $10.14. Summer Infant, Inc. has a twelve month low of $6.80 and a twelve month high of $19.02. The stock has a market capitalization of $25.63 million, a price-to-earnings ratio of -8.84 and a beta of 1.69.

Summer Infant (NASDAQ:SUMRGet Rating) last released its quarterly earnings data on Wednesday, March 16th. The company reported ($1.81) earnings per share for the quarter. Summer Infant had a negative net margin of 2.02% and a negative return on equity of 4.39%. The company had revenue of $35.31 million for the quarter.

Separately, began coverage on shares of Summer Infant in a report on Wednesday. They set a “buy” rating for the company.

Summer Infant Company Profile (Get Rating)

Summer Infant, Inc, an infant and juvenile products company, designs, markets, and distributes branded juvenile safety and convenience products. It offers a range of juvenile products in various product categories, including gates, potty, bath, entertainers, specialty blankets, strollers, car seats, and travel systems, as well as audio and video monitors primarily under the Summer and SwaddleMe brand names.

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