FG Communities (NASDAQ:FGC) Posts Quarterly Earnings Results

FG Communities (NASDAQ:FGC) announced its quarterly earnings data on Wednesday. The company reported ($0.10) earnings per share (EPS) for the quarter, Zacks reports. FG Communities had a negative net margin of 4,888.86% and a negative return on equity of 95.68%. The business had revenue of $0.23 million during the quarter.

FG Communities Stock Performance

Shares of NASDAQ FGC traded up $0.14 during midday trading on Thursday, hitting $6.32. 59,823 shares of the stock traded hands, compared to its average volume of 100,889. The firm has a 50-day moving average of $7.84 and a two-hundred day moving average of $7.27. The firm has a market capitalization of $28.91 million, a P/E ratio of -0.79 and a beta of 1.27. FG Communities has a one year low of $4.18 and a one year high of $16.95.

Wall Street Analyst Weigh In

FGC has been the topic of a number of research analyst reports. Weiss Ratings upgraded FG Communities from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, September 24th. Wall Street Zen raised shares of FG Communities from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, FG Communities presently has an average rating of “Hold” and an average target price of $10.00.

About FG Communities

FG Nexus, Inc. (NASDAQ: FGNX) is a diversified holding company focused on building and managing a portfolio of businesses across several industries. The company’s activities include investments and operating interests in financial services, media and entertainment, and related businesses. Through its subsidiaries and investments, FG Nexus provides access to services and products connected with financial solutions, entertainment technology, and other specialized operating activities. Its portfolio-oriented structure allows the company to pursue opportunities across multiple business sectors rather than relying on a single product line.