Zacks Investment Research upgraded shares of Summer Infant (NASDAQ:SUMR) from a sell rating to a hold rating in a report issued on Thursday morning, Zacks.com reports.

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. “

Separately, ValuEngine upgraded Summer Infant from a sell rating to a hold rating in a research report on Saturday, January 5th.

SUMR opened at $0.72 on Thursday. Summer Infant has a 52 week low of $0.68 and a 52 week high of $1.98. The firm has a market cap of $13.57 million, a PE ratio of -24.04 and a beta of 0.36. The company has a quick ratio of 0.87, a current ratio of 1.82 and a debt-to-equity ratio of 4.82.

Summer Infant (NASDAQ:SUMR) last released its quarterly earnings results on Thursday, February 21st. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.02). Summer Infant had a negative return on equity of 4.00% and a negative net margin of 2.45%. The firm had revenue of $40.05 million for the quarter, compared to analysts’ expectations of $47.17 million. Equities research analysts predict that Summer Infant will post -0.05 earnings per share for the current fiscal year.

In other news, major shareholder Wynnefield Partners Small Cap purchased 31,703 shares of the stock in a transaction dated Wednesday, February 27th. The stock was acquired at an average cost of $0.81 per share, for a total transaction of $25,679.43. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have bought 71,246 shares of company stock valued at $55,566. Company insiders own 4.00% of the company’s stock.

An institutional investor recently raised its position in Summer Infant stock. Renaissance Technologies LLC lifted its stake in Summer Infant, Inc. (NASDAQ:SUMR) by 49.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 498,936 shares of the company’s stock after purchasing an additional 165,336 shares during the period. Renaissance Technologies LLC owned about 2.65% of Summer Infant worth $788,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 46.73% of the company’s stock.

Summer Infant Company Profile

Summer Infant, Inc, together with its subsidiaries, designs, markets, and distributes branded juvenile health, safety, and wellness products primarily in North America. The company markets approximately 1,100 products in various product categories, such as monitoring, safety, nursery, baby gear, and feeding products under the Summer Infant, SwaddleMe, and Born Free brand names.

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