FGI Industries Ltd. (NASDAQ:FGI – Get Free Report) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 40,434 shares, a decline of 44.1% from the April 30th total of 72,380 shares. Approximately 2.2% of the company’s shares are sold short. Based on an average daily trading volume, of 75,629 shares, the short-interest ratio is presently 0.5 days.
Analysts Set New Price Targets
Several analysts have issued reports on the company. Zacks Research upgraded FGI Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Weiss Ratings restated a “sell (d-)” rating on shares of FGI Industries in a report on Friday, March 27th. Finally, Wall Street Zen upgraded FGI Industries to a “hold” rating in a report on Saturday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.
View Our Latest Analysis on FGI
FGI Industries Stock Performance
FGI Industries (NASDAQ:FGI – Get Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.27). 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 5.07% and a negative return on equity of 4.56%. As a group, analysts expect that FGI Industries will post -0.61 EPS for the current fiscal year.
FGI Industries Company Profile
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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