Summer Infant (NASDAQ:SUMR) Now Covered by StockNews.com

StockNews.com began coverage on shares of Summer Infant (NASDAQ:SUMR – Get Rating) in a note issued to investors on Sunday. The brokerage set a “buy” rating on the stock.

Shares of NASDAQ:SUMR opened at $11.79 on Friday. The business has a 50 day moving average price of $11.73 and a 200 day moving average price of $10.61. Summer Infant has a twelve month low of $6.80 and a twelve month high of $16.89. The company has a market cap of $25.55 million, a price-to-earnings ratio of -3.61 and a beta of 1.57. The company has a quick ratio of 0.84, a current ratio of 1.46 and a debt-to-equity ratio of 14.53.

Summer Infant (NASDAQ:SUMR – Get Rating) last announced its earnings results on Tuesday, May 17th. The company reported ($1.19) earnings per share for the quarter. Summer Infant had a negative net margin of 4.99% and a negative return on equity of 94.31%. The business had revenue of $34.38 million for the quarter.

In other Summer Infant news, major shareholder Jason P. Macari bought 7,746 shares of the firm’s stock in a transaction that occurred on Tuesday, April 26th. The stock was purchased at an average price of $11.80 per share, for a total transaction of $91,402.80. Following the purchase, the insider now directly owns 355,263 shares in the company, valued at $4,192,103.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Jason P. Macari sold 9,249 shares of the company’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 value of $109,138.20. Following the completion of the transaction, the insider now directly owns 354,868 shares of the company’s stock, valued at approximately $4,187,442.40. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

A hedge fund recently bought a new stake in Summer Infant stock. EHP Funds Inc. purchased a new stake in Summer Infant, Inc. (NASDAQ:SUMR – Get Rating) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,405 shares of the company’s stock, valued at approximately $145,000. EHP Funds Inc. owned approximately 0.57% of Summer Infant as of its most recent SEC filing. 40.95% of the stock is owned by hedge funds and other institutional investors.

About Summer Infant (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.

See Also