FGI Industries (NASDAQ:FGI) Announces Quarterly Earnings Results

FGI Industries (NASDAQ:FGI) issued its quarterly earnings data on Thursday. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($0.03), FiscalAI reports. The company had revenue of $30.50 million for the quarter, compared to analyst estimates of $33.36 million. FGI Industries had a negative return on equity of 2.19% and a negative net margin of 4.70%.

FGI Industries Price Performance

NASDAQ:FGI traded down $0.77 during mid-day trading on Friday, reaching $4.58. The stock had a trading volume of 73,746 shares, compared to its average volume of 137,348. The stock has a 50-day simple moving average of $5.15 and a two-hundred day simple moving average of $5.72. The stock has a market capitalization of $8.84 million, a PE ratio of -1.42 and a beta of 2.22. FGI Industries has a 12 month low of $2.50 and a 12 month high of $12.62.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on FGI shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of FGI Industries in a research report on Friday, March 27th. Zacks Research upgraded shares of FGI Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

About FGI Industries

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.