FGI Industries (NASDAQ:FGI – Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($0.03), FiscalAI reports. The company had revenue of $30.50 million during the quarter, compared to analyst estimates of $33.36 million. FGI Industries had a negative net margin of 4.70% and a negative return on equity of 2.19%.
FGI Industries Stock Performance
Shares of FGI stock traded down $0.77 during mid-day trading on Friday, hitting $4.58. 73,746 shares of the stock were exchanged, compared to its average volume of 137,348. The stock’s fifty day simple moving average is $5.15 and its two-hundred day simple moving average is $5.72. The stock has a market capitalization of $8.84 million, a price-to-earnings ratio of -1.42 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
FGI has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of FGI Industries in a report on Friday, March 27th. Zacks Research raised FGI Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.
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.
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