Summer Infant (NASDAQ:SUMR) Share Price Crosses Above 50 Day Moving Average of $0.58

Summer Infant, Inc. (NASDAQ:SUMR) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.58 and traded as high as $0.52. Summer Infant shares last traded at $0.52, with a volume of 484 shares.

Separately, Zacks Investment Research cut shares of Summer Infant from a “hold” rating to a “sell” rating in a research note on Saturday, March 2nd.

The firm has a 50 day simple moving average of $0.57. The company has a market capitalization of $10.00 million, a PE ratio of -16.67 and a beta of 0.53. The company has a current ratio of 2.08, a quick ratio of 1.08 and a debt-to-equity ratio of 7.11.

Summer Infant (NASDAQ:SUMR) last posted its earnings results on Tuesday, May 7th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The firm had revenue of $42.54 million for the quarter, compared to analysts’ expectations of $41.60 million. Summer Infant had a negative net margin of 1.69% and a negative return on equity of 9.43%.

A hedge fund recently raised its stake in Summer Infant stock. Wynnefield Capital Inc. grew its stake in shares of Summer Infant, Inc. (NASDAQ:SUMR) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,749,086 shares of the company’s stock after buying an additional 65,154 shares during the quarter. Summer Infant makes up 3.8% of Wynnefield Capital Inc.’s holdings, making the stock its 11th biggest holding. Wynnefield Capital Inc. owned approximately 35.91% of Summer Infant worth $7,397,000 as of its most recent filing with the SEC. Institutional investors own 46.22% of the company’s stock.

About Summer Infant (NASDAQ:SUMR)

Summer Infant, Inc, together with its subsidiaries, designs, markets, and distributes branded juvenile health, safety, and wellness products primarily worldwide. It offers audio and video monitors; safety products, including gates, bedrails, baby proofing products, potties, bath products, positioners, and infant health products; nursery products, such as specialty blankets, sleep aides and soothers, and travel accessories; and baby gear products consisting of strollers, bassinets, high chairs, and playards under the Summer, SwaddleMe, and born free brand names.

Featured Story: What are momentum indicators and what do they show?

Receive News & Ratings for Summer Infant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Summer Infant and related companies with MarketBeat.com's FREE daily email newsletter.