Summer Infant, Inc. (NASDAQ:SUMR) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $1.64 and last traded at $1.64, with a volume of 46,449 shares changing hands. The stock had previously closed at $1.69.

SUMR has been the topic of a number of recent analyst reports. FBR & Co reissued an “outperform” rating and set a $2.50 price target on shares of Summer Infant in a research report on Tuesday, July 11th. Zacks Investment Research cut shares of Summer Infant from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 13th. Roth Capital set a $3.00 price target on shares of Summer Infant and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. Finally, ValuEngine cut shares of Summer Infant from a “hold” rating to a “sell” rating in a research report on Friday, September 1st.

The firm’s market cap is $29.93 million. The stock has a 50-day moving average price of $1.83 and a 200 day moving average price of $1.82.

Summer Infant (NASDAQ:SUMR) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $52.58 million for the quarter, compared to analyst estimates of $46.33 million. Summer Infant had a positive return on equity of 0.56% and a negative net margin of 1.82%. Equities research analysts predict that Summer Infant, Inc. will post $0.14 EPS for the current year.

In related news, major shareholder Wynnefield Partners Small Cap bought 15,000 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average price of $1.86 per share, with a total value of $27,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.30% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Janus Henderson Group PLC acquired a new position in shares of Summer Infant in the second quarter valued at approximately $146,000. Kennedy Capital Management Inc. acquired a new position in shares of Summer Infant in the second quarter valued at approximately $251,000. Finally, Renaissance Technologies LLC grew its position in shares of Summer Infant by 4.4% in the first quarter. Renaissance Technologies LLC now owns 220,100 shares of the company’s stock valued at $418,000 after purchasing an additional 9,300 shares during the last quarter. 47.62% of the stock is currently owned by hedge funds and other institutional investors.

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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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