Somewhat Positive News Coverage Somewhat Unlikely to Impact Summer Infant (SUMR) Share Price
Headlines about Summer Infant (NASDAQ:SUMR) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Summer Infant earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.6326219901394 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Summer Infant (NASDAQ:SUMR) opened at 1.99 on Friday. The stock’s market capitalization is $36.99 million. Summer Infant has a one year low of $1.65 and a one year high of $2.37. The firm has a 50-day moving average of $1.80 and a 200 day moving average of $1.84.
Summer Infant (NASDAQ:SUMR) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.01. The firm had revenue of $52.58 million during the quarter, compared to the consensus estimate of $46.33 million. Summer Infant had a positive return on equity of 0.56% and a negative net margin of 1.82%. On average, equities research analysts anticipate that Summer Infant will post $0.14 earnings per share for the current fiscal year.
Several research analysts have issued reports on the stock. Roth Capital set a $3.00 target price on shares of Summer Infant and gave the stock a “buy” rating in a report on Tuesday, August 22nd. Zacks Investment Research raised shares of Summer Infant from a “hold” rating to a “strong-buy” rating and set a $2.00 target price for the company in a report on Tuesday, August 8th. ValuEngine cut shares of Summer Infant from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $2.50 target price on shares of Summer Infant in a report on Tuesday, July 11th.
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In other Summer Infant news, major shareholder Wynnefield Partners Small Cap purchased 15,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was purchased at an average cost of $1.86 per share, with a total value of $27,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 8.40% of the company’s stock.
About Summer Infant
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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