Summer Infant, Inc. (NASDAQ:SUMR) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totalling 7,400 shares, a decrease of 12.9% from the June 30th total of 8,500 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 28,300 shares, the days-to-cover ratio is currently 0.3 days.
NASDAQ:SUMR opened at $9.70 on Friday. The company has a current ratio of 1.66, a quick ratio of 0.96 and a debt-to-equity ratio of 10.12. The stock has a 50-day simple moving average of $8.61 and a 200 day simple moving average of $3.78. Summer Infant has a one year low of $1.45 and a one year high of $11.31.
Summer Infant (NASDAQ:SUMR) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $40.34 million for the quarter. Summer Infant had a negative net margin of 2.33% and a negative return on equity of 44.46%.
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.
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