FGI Industries (NASDAQ:FGI) Downgraded by Wall Street Zen to Sell

FGI Industries (NASDAQ:FGI – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Sunday.

FGI has been the subject of several other reports. Zacks Research downgraded shares of FGI Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of FGI Industries in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

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FGI Industries Stock Up 24.4%

Shares of NASDAQ:FGI traded up $0.99 during midday trading on Friday, reaching $5.04. 54,068 shares of the company traded hands, compared to its average volume of 24,699. The firm’s fifty day moving average price is $5.32 and its two-hundred day moving average price is $5.45. The firm has a market capitalization of $9.73 million, a price-to-earnings ratio of -1.50 and a beta of 2.21. FGI Industries has a 12 month low of $3.14 and a 12 month high of $12.62.

FGI Industries (NASDAQ:FGI – Get Free Report) last issued its 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 company had revenue of $30.50 million during the quarter, compared to the consensus estimate of $33.36 million. FGI Industries had a negative return on equity of 4.56% and a negative net margin of 5.07%. Analysts forecast that FGI Industries will post -0.61 earnings per share for the current year.

About FGI Industries

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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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