Zacks Investment Research lowered shares of Summer Infant (NASDAQ:SUMR) from a hold rating to a sell rating in a research note published on Friday morning.

According to Zacks, “Based in Woonsocket, Rhode Island, SUMMER INFANT, INC. is a designer, marketer and distributor of branded durable juvenile health, safety and wellness products (for ages upto three years), which are sold principally to large U.S. retailers. The Company currently sells proprietary products in a number of different categories, including nursery audio/video monitors, safety gates, durable bath products, bed rails, infant thermometers and related nursery, health and safety products, booster and potty seats, soft goods, bouncers, strollers, travel accessories, highchairs and swings. “

A number of other research firms have also issued reports on SUMR. B. Riley restated a buy rating on shares of Summer Infant in a research report on Thursday, November 2nd. ValuEngine upgraded Summer Infant from a hold rating to a buy rating in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $2.50.

Summer Infant (SUMR) opened at $1.36 on Friday. Summer Infant has a 12-month low of $1.31 and a 12-month high of $2.25. The stock has a market capitalization of $25.32, a P/E ratio of -5.04 and a beta of -0.19. 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 company had revenue of $43.13 million for the quarter, compared to analyst estimates of $48.55 million. equities analysts forecast that Summer Infant will post 0.13 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Quantum Capital Management boosted its position in Summer Infant by 750.5% during the 3rd quarter. Quantum Capital Management now owns 227,936 shares of the company’s stock valued at $431,000 after purchasing an additional 201,136 shares during the period. Kennedy Capital Management Inc. bought a new stake in Summer Infant during the 2nd quarter valued at $251,000. Macquarie Group Ltd. bought a new stake in Summer Infant during the 3rd quarter valued at $141,000. Finally, Janus Henderson Group PLC bought a new stake in Summer Infant during the 2nd quarter valued at $146,000. Institutional investors and hedge funds own 49.70% of the company’s stock.

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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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