ValuEngine upgraded shares of Summer Infant (NASDAQ:SUMR) from a sell rating to a hold rating in a research report report published on Friday morning.

Several other analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Summer Infant from a hold rating to a strong sell rating in a research note on Wednesday, November 8th. Roth Capital set a $3.00 price objective on shares of Summer Infant and gave the company a buy rating in a research note on Tuesday, August 22nd. Finally, B. Riley reaffirmed a buy rating on shares of Summer Infant in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Summer Infant currently has a consensus rating of Hold and an average price target of $2.50.

Summer Infant (NASDAQ SUMR) traded down $0.10 during mid-day trading on Friday, hitting $1.40. 81,270 shares of the stock were exchanged, compared to its average volume of 28,578. The stock has a market capitalization of $27.92, a PE ratio of 150.00 and a beta of -0.18. The company has a quick ratio of 0.92, a current ratio of 1.95 and a debt-to-equity ratio of 2.86. Summer Infant has a twelve month low of $1.37 and a twelve month high of $2.31.

Summer Infant (NASDAQ:SUMR) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.02 earnings per share (EPS) for the quarter, missing the 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 for the quarter, compared to analysts’ expectations of $48.55 million. equities research analysts expect that Summer Infant will post 0.13 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in SUMR. Macquarie Group Ltd. purchased a new stake in Summer Infant during the 3rd quarter valued at about $141,000. Janus Henderson Group PLC purchased a new stake in Summer Infant during the 2nd quarter valued at about $146,000. Kennedy Capital Management Inc. purchased a new stake in Summer Infant during the 2nd quarter valued at about $251,000. Renaissance Technologies LLC boosted its holdings in Summer Infant by 4.4% in the 1st quarter. Renaissance Technologies LLC now owns 220,100 shares of the company’s stock valued at $418,000 after purchasing an additional 9,300 shares during the last quarter. Finally, Quantum Capital Management boosted its holdings in Summer Infant by 750.5% in 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 last quarter. 49.80% of the stock is owned by institutional investors.

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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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