FGI Industries (NASDAQ:FGI – Get Free Report) released its earnings results 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. FGI Industries had a negative return on equity of 2.19% and a negative net margin of 4.70%.The company had revenue of $30.50 million during the quarter, compared to analyst estimates of $33.36 million.
FGI Industries Price Performance
FGI stock traded down $0.77 during midday trading on Friday, reaching $4.58. 73,746 shares of the company’s stock traded hands, compared to its average volume of 137,348. The company has a market capitalization of $8.84 million, a P/E ratio of -1.42 and a beta of 2.22. FGI Industries has a fifty-two week low of $2.50 and a fifty-two week high of $12.62. The business has a 50-day moving average price of $5.15 and a two-hundred day moving average price of $5.72.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on FGI. Zacks Research raised shares of FGI Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of FGI Industries in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock 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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