Somewhat Positive Media Coverage Somewhat Unlikely to Affect Summer Infant (SUMR) Stock Price
News coverage about Summer Infant (NASDAQ:SUMR) has been trending somewhat positive recently, according to Accern. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Summer Infant earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.2413197860885 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several research analysts recently commented on SUMR shares. Zacks Investment Research cut Summer Infant from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 8th. ValuEngine raised Summer Infant from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Finally, B. Riley reissued a “buy” rating on shares of Summer Infant in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Summer Infant currently has an average rating of “Hold” and a consensus target price of $2.50.
Summer Infant (SUMR) traded up $0.03 on Monday, hitting $1.48. The stock had a trading volume of 1,000 shares, compared to its average volume of 45,332. Summer Infant has a 52 week low of $1.32 and a 52 week high of $2.25. The firm has a market capitalization of $26.99, a PE ratio of -5.48 and a beta of -0.18. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.92 and a current ratio of 1.95.
Summer Infant (NASDAQ:SUMR) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.02). Summer Infant had a negative net margin of 2.66% and a positive return on equity of 0.43%. The business had revenue of $43.13 million during the quarter, compared to analyst estimates of $48.55 million. analysts forecast that Summer Infant will post 0.13 earnings per share for the current year.
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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