FGI Industries (NASDAQ:FGI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of FGI Industries (NASDAQ:FGI) to a buy rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Other research analysts have also issued reports about the company. Zacks Research lowered FGI Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. UBS Group set a $13.00 price target on FGI Industries in a research note on Friday, August 14th. Benchmark reissued a “speculative buy” rating and issued a $13.00 price target (up from $8.00) on shares of FGI Industries in a research note on Friday, August 14th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of FGI Industries in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $13.00.

FGI Industries Stock Performance

FGI stock opened at $7.70 on Friday. The company has a fifty day moving average price of $6.97 and a 200-day moving average price of $5.78. The company has a market capitalization of $14.86 million, a P/E ratio of -3.70 and a beta of 2.29. FGI Industries has a 52-week low of $3.14 and a 52-week high of $19.93.

FGI Industries (NASDAQ:FGI) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.50. FGI Industries had a negative net margin of 3.07% and a positive return on equity of 10.02%. The company had revenue of $31.89 million for the quarter, compared to analyst estimates of $33.85 million. As a group, sell-side analysts forecast that FGI Industries will post -0.61 earnings per share for the current fiscal year.

FGI Industries Company Profile

FGI Industries Ltd. (NASDAQ: FGI) is a designer, manufacturer and distributor of bathroom products for residential and commercial applications. Its portfolio includes bathtubs, shower systems, shower doors, bathroom vanities, sinks, toilets, faucets, mirrors, cabinets and related bathroom accessories.

The company markets products through multiple sales channels, including home-improvement retailers, specialty and independent distributors, plumbing wholesalers, e-commerce platforms and commercial customers.