FGI Industries (NASDAQ:FGI) Upgraded by Zacks Research to “Strong-Buy” Rating

FGI Industries (NASDAQ:FGI) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of FGI Industries in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, FGI Industries has a consensus rating of “Moderate Buy”.

FGI Industries Stock Performance

FGI opened at $4.65 on Tuesday. FGI Industries has a 52-week low of $2.40 and a 52-week high of $12.62. The firm has a market capitalization of $8.96 million, a PE ratio of -1.44 and a beta of 1.58. The business’s 50-day simple moving average is $4.56 and its 200 day simple moving average is $5.54.

FGI Industries (NASDAQ:FGI) last announced its quarterly earnings results on Thursday, April 9th. The company reported ($0.29) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.14. The firm had revenue of $30.47 million for the quarter, compared to the consensus estimate of $35.50 million. FGI Industries had a negative return on equity of 2.07% and a negative net margin of 4.70%.During the same quarter in the previous year, the business earned ($0.34) earnings per share. On average, research analysts forecast that FGI Industries will post -0.08 earnings per share for the current 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.