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 analysts’ consensus estimates of ($0.36) by ($0.03), FiscalAI reports. The firm had revenue of $30.50 million during the quarter, compared to the consensus estimate 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 NASDAQ:FGI traded down $0.77 during mid-day trading on Friday, reaching $4.58. 73,746 shares of the company’s stock were exchanged, compared to its average volume of 137,348. The firm has a market capitalization of $8.84 million, a price-to-earnings ratio of -1.42 and a beta of 2.22. The business’s fifty day moving average price is $5.15 and its 200-day moving average price is $5.72. FGI Industries has a twelve month low of $2.50 and a twelve month high of $12.62.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FGI Industries in a research note 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 research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus 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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