Press coverage about Summer Infant (NASDAQ:SUMR) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded 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 0.12 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.3079547876207 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Hasbro (HAS) & Summer Infant (NASDAQ:SUMR) Critical Comparison (americanbankingnews.com)
- Summer Infant, Inc. (SUMR) Announces Earnings Results (americanbankingnews.com)
- Summer Infant, Inc. : Investor Network: Summer Infant, Inc. to Host Earnings Call (4-traders.com)
- Edited Transcript of SUMR earnings conference call or presentation 3-Aug-17 1:00pm GMT (finance.yahoo.com)
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Summer Infant from a “hold” rating to a “buy” rating and set a $2.00 price objective for the company in a research report on Tuesday, July 18th. FBR & Co reissued an “outperform” rating and issued a $2.50 price objective on shares of Summer Infant in a research report on Tuesday, July 11th. Finally, ValuEngine lowered shares of Summer Infant from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd.
Summer Infant (SUMR) traded up 0.55% during midday trading on Monday, hitting $1.84. 80,327 shares of the stock traded hands. Summer Infant has a 1-year low of $1.65 and a 1-year high of $2.44. The company has a 50-day moving average price of $1.76 and a 200-day moving average price of $1.84. The firm’s market cap is $34.20 million.
Summer Infant (NASDAQ:SUMR) last posted its 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 analysts’ expectations of $46.33 million. Summer Infant had a negative net margin of 1.82% and a positive return on equity of 0.56%. Analysts predict that Summer Infant will post $0.14 EPS for the current year.
In other news, major shareholder Wynnefield Partners Small Cap purchased 185,000 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were bought at an average price of $1.78 per share, with a total value of $329,300.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen Zelkowicz purchased 15,500 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was purchased at an average cost of $1.70 per share, for a total transaction of $26,350.00. Following the transaction, the director now owns 33,064 shares of the company’s stock, valued at $56,208.80. The disclosure for this purchase can be found here. Insiders acquired 626,274 shares of company stock valued at $1,100,755 over the last quarter. 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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