Media coverage about Summer Infant (NASDAQ:SUMR) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Summer Infant earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.7730201696719 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the news headlines that may have effected Accern’s scoring:

A number of research firms have recently issued reports on SUMR. Zacks Investment Research upgraded Summer Infant from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 6th. ValuEngine lowered Summer Infant from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Finally, FBR & Co reiterated an “outperform” rating and issued a $2.50 target price on shares of Summer Infant in a research note on Tuesday, July 11th.

Shares of Summer Infant (SUMR) opened at 1.93 on Tuesday. Summer Infant has a 1-year low of $1.65 and a 1-year high of $2.44. The stock 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 $35.88 million.

Summer Infant (NASDAQ:SUMR) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. Summer Infant had a positive return on equity of 0.56% and a negative net margin of 1.82%. The company had revenue of $52.58 million during the quarter, compared to analysts’ expectations of $46.33 million. On average, equities research analysts expect that Summer Infant will post $0.14 earnings per share for the current fiscal year.

In related news, major shareholder Wynnefield Partners Small Cap purchased 185,000 shares of Summer Infant stock in a transaction on Thursday, May 25th. The stock was bought at an average price of $1.78 per share, with a total value of $329,300.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 625,774 shares of company stock valued at $1,102,305 in the last ninety days. Insiders own 8.40% 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.

Insider Buying and Selling by Quarter for Summer Infant (NASDAQ:SUMR)

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