Summer Infant (NASDAQ:SUMR) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other research analysts have also recently commented on the company. Zacks Investment Research cut 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 target price on Summer Infant and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. Finally, B. Riley reaffirmed a “buy” rating on shares of Summer Infant in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Summer Infant presently has a consensus rating of “Hold” and an average price target of $2.50.

Shares of Summer Infant (NASDAQ:SUMR) traded down $0.10 on Friday, hitting $1.40. The stock had a trading volume of 81,270 shares, compared to its average volume of 28,578. Summer Infant has a one year low of $1.37 and a one year high of $2.31. The company has a market cap 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 (NASDAQ:SUMR) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.02 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $43.13 million during the quarter, compared to the consensus estimate of $48.55 million. research analysts anticipate that Summer Infant will post 0.13 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Macquarie Group Ltd. bought a new position in Summer Infant during the 3rd quarter worth $141,000. Janus Henderson Group PLC bought a new position in Summer Infant during the 2nd quarter worth $146,000. Kennedy Capital Management Inc. bought a new position in Summer Infant during the 2nd quarter worth $251,000. Renaissance Technologies LLC raised its position in Summer Infant by 4.4% during the 1st quarter. Renaissance Technologies LLC now owns 220,100 shares of the company’s stock worth $418,000 after purchasing an additional 9,300 shares during the last quarter. Finally, Quantum Capital Management raised its position in Summer Infant by 750.5% during the 3rd quarter. Quantum Capital Management now owns 227,936 shares of the company’s stock worth $431,000 after purchasing an additional 201,136 shares during the last quarter. 49.80% of the stock is owned by institutional investors and hedge funds.

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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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