FGI Industries (NASDAQ:FGI) Announces Earnings Results

FGI Industries (NASDAQ:FGI) announced its earnings results on Thursday. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.27), FiscalAI reports. The firm had revenue of $30.50 million during the quarter, compared to analyst estimates of $33.36 million. FGI Industries had a negative return on equity of 4.32% and a negative net margin of 5.07%.

FGI Industries Stock Performance

Shares of NASDAQ FGI traded down $0.77 during mid-day trading on Friday, reaching $4.58. The company had a trading volume of 73,746 shares, compared to its average volume of 329,135. The stock has a fifty day moving average of $5.15 and a two-hundred day moving average of $5.71. The company has a market capitalization of $8.83 million, a price-to-earnings ratio of -1.36 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 Ratings Changes

Several equities research analysts recently commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of FGI Industries in a research report on Friday, March 27th. Zacks Research raised shares of FGI Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

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.