FGI Industries (NASDAQ:FGI) Lowered to “Hold” Rating by Zacks Research

Zacks Research lowered shares of FGI Industries (NASDAQ:FGI) from a strong-buy rating to a hold rating in a research note released on Thursday,Zacks.com reports.

FGI has been the topic of several other reports. Wall Street Zen upgraded shares of FGI Industries to a “sell” rating in a research report on Saturday, December 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of FGI Industries in a research note on Monday. One 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 currently has a consensus rating of “Reduce”.

FGI Industries Trading Up 0.2%

Shares of FGI opened at $5.71 on Thursday. The stock’s 50 day moving average is $6.07 and its two-hundred day moving average is $5.10. FGI Industries has a twelve month low of $2.28 and a twelve month high of $12.62. The firm has a market capitalization of $10.96 million, a PE ratio of -2.79 and a beta of 1.43.

FGI Industries (NASDAQ:FGI) last issued its earnings results on Friday, November 14th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.56. FGI Industries had a negative return on equity of 2.50% and a negative net margin of 2.89%.The business had revenue of $35.85 million during the quarter, compared to the consensus estimate of $37.70 million. On average, sell-side analysts predict that FGI Industries will post -0.08 EPS 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.