FGI Industries (NASDAQ:FGI) Stock Price Up 0.5% – Here’s What Happened

FGI Industries Ltd. (NASDAQ:FGI)’s stock price was up 0.5% during trading on Monday . The stock traded as high as $4.53 and last traded at $4.30. 19,081 shares changed hands during trading, a decline of 34% from the average session volume of 28,982 shares. The stock had previously closed at $4.28.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FGI shares. Zacks Research cut shares of FGI Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Wall Street Zen lowered FGI Industries from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of FGI Industries in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

FGI Industries Stock Performance

The firm has a market capitalization of $8.65 million, a P/E ratio of -1.33 and a beta of 2.20. The firm has a 50 day simple moving average of $4.81 and a two-hundred day simple moving average of $5.24.

FGI Industries (NASDAQ:FGI) last posted its earnings results on Thursday, May 14th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.27). FGI Industries had a negative return on equity of 4.56% and a negative net margin of 5.07%.The firm had revenue of $30.50 million during the quarter, compared to the consensus estimate of $33.36 million. Sell-side analysts anticipate that FGI Industries Ltd. will post -0.61 earnings per share for the current year.

FGI Industries Company Profile

FGI Industries ltd. supplies kitchen and bath products in the United States, Canada, Europe, and internationally. The company sells sanitaryware products, such as toilets, sinks, pedestals, and toilet seats; wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry, medicine cabinets, and other storage systems; shower systems; and customer kitchen cabinetry and other accessory items under the Foremost, avenue, contrac, Jetcoat, rosenberg, and Covered Bridge Cabinetry brand names.