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

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

A number of other equities analysts have also recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of FGI Industries in a report on Wednesday, December 10th. Zacks Research upgraded shares of FGI Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

FGI Industries Trading Down 15.9%

NASDAQ:FGI opened at $5.38 on Friday. FGI Industries has a 12 month low of $2.28 and a 12 month high of $12.62. The stock has a market capitalization of $10.33 million, a price-to-earnings ratio of -2.62 and a beta of 1.40. The firm has a fifty day simple moving average of $5.92 and a two-hundred day simple moving average of $4.83.

FGI Industries (NASDAQ:FGI) last issued its earnings results on Friday, November 14th. The company reported $0.13 EPS for the quarter, beating the consensus estimate 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 company had revenue of $35.85 million during the quarter, compared to the consensus estimate of $37.70 million. Equities analysts predict that FGI Industries will post -0.08 earnings per share for the current fiscal year.

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.