FGI Industries (NASDAQ:FGI) Issues Quarterly Earnings Results

FGI Industries (NASDAQ:FGI) announced its earnings results on Wednesday. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.50, FiscalAI reports. The business had revenue of $31.89 million during the quarter, compared to the consensus estimate of $33.85 million. FGI Industries had a negative net margin of 5.07% and a negative return on equity of 4.56%.

FGI Industries Stock Performance

FGI Industries stock opened at $4.73 on Thursday. The business’s 50-day simple moving average is $4.68 and its two-hundred day simple moving average is $5.17. The company has a market cap of $9.13 million, a PE ratio of -1.40 and a beta of 2.20. FGI Industries has a fifty-two week low of $3.14 and a fifty-two week high of $12.62.

Analyst Ratings Changes

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

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.