Summer Infant Hits New 52-Week High at $3.68 (SUMR)
Summer Infant (NASDAQ:SUMR)’s share price reached a new 52-week high on Monday , American Banking News reports. The stock traded as high as $3.68 and last traded at $3.32, with a volume of 773,701 shares trading hands. The stock had previously closed at $3.39.
A number of research firms have recently commented on SUMR. Analysts at Zacks upgraded shares of Summer Infant from a “neutral” rating to an “outperform” rating in a research note on Wednesday, May 14th. They now have a $1.80 price target on the stock. Analysts at Roth Capital upgraded shares of Summer Infant from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 14th.
The stock’s 50-day moving average is $2. and its 200-day moving average is $2.27. The company’s market cap is $60.3 million.
Summer Infant (NASDAQ:SUMR) last released its earnings data on Tuesday, May 13th. The company reported $0.01 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $0.02. The company had revenue of $50.80 million for the quarter, compared to the consensus estimate of $45.22 million. During the same quarter last year, the company posted $0.06 earnings per share. On average, analysts predict that Summer Infant will post $0.14 earnings per share for the current fiscal year.
Summer Infant, Inc, is a designer, marketer, and distributor of juvenile health, safety and wellness products, which are sold to North American and the United Kingdom retailers.
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