Kid Brands Inc.'s (NYSE:KID) micro cap stock has been rising for days, and jumped even higher on Monday, all of which can be traced back the appointment of a new C-suite official.
Now, investors are keeping their eye on the stock, as many analysts are wondering if it will continue its steady rise. According to Smallcap Network, since the announcement of the new executive, Kid Brands' stock has risen 12.61 percent as Wall Street continues to give a nod of approval to the new leader.
The media outlet states that while the organizational changes are undoubtedly helping the stock, the company also has a strong balance sheet and income. Earnings-per-share growth on quarterly basis is up by 107.64 percent, and the company projects sales growth to rise by another 117.65 percent.
According to RTTNews, the company announced on September 12, 2012, that Kerry Carr would become the new executive vice president and chief operating officer. Prior to working at Kid Brands, Carr was an executive at Avon Products, Inc., worked with AT&T and also lent her services to The Walt Disney Company.
As of 3:50 p.m. on Monday, the company's stock was up 34.3 percent to $1.80.