FGI Industries (NASDAQ:FGI) Stock Rating Lowered by Wall Street Zen

FGI Industries (NASDAQ:FGI) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Sunday.

A number of other equities research analysts have also recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FGI Industries in a research note on Wednesday, June 24th. Zacks Research downgraded shares of FGI Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.

FGI Industries Stock Up 24.4%

Shares of FGI Industries stock traded up $0.99 during trading on Friday, hitting $5.04. 54,068 shares of the stock traded hands, compared to its average volume of 24,699. The stock has a market cap of $9.73 million, a price-to-earnings ratio of -1.50 and a beta of 2.21. The firm’s fifty day moving average is $5.32 and its 200-day moving average is $5.45. FGI Industries has a 52 week low of $3.14 and a 52 week high of $12.62.

FGI Industries (NASDAQ:FGI) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.27). The business had revenue of $30.50 million for the quarter, compared to the consensus estimate of $33.36 million. FGI Industries had a negative net margin of 5.07% and a negative return on equity of 4.56%. On average, analysts forecast that FGI Industries will post -0.61 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.