FGI Industries (NASDAQ:FGI) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of FGI Industries (NASDAQ:FGI) from a hold rating to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of FGI Industries in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

FGI Industries Stock Up 19.2%

FGI Industries stock opened at $4.65 on Tuesday. FGI Industries has a 52-week low of $2.40 and a 52-week high of $12.62. The firm has a fifty day moving average of $4.56 and a 200-day moving average of $5.54. The firm has a market capitalization of $8.96 million, a P/E ratio of -1.44 and a beta of 1.58.

FGI Industries (NASDAQ:FGI) last released its quarterly earnings data on Thursday, April 9th. The company reported ($0.29) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.43) by $0.14. FGI Industries had a negative net margin of 4.70% and a negative return on equity of 2.07%. The company had revenue of $30.47 million during the quarter, compared to analyst estimates of $35.50 million. During the same quarter in the prior year, the business earned ($0.34) earnings per share. On average, research analysts expect that FGI Industries will post -0.08 EPS 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.