FGI Industries (NASDAQ:FGI) Stock Rating Lowered by Zacks Investment Research

FGI Industries (NASDAQ:FGIGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, Zacks.com reports.

FGI has been the subject of several other reports. Benchmark assumed coverage on shares of FGI Industries in a research note on Thursday, February 3rd. They issued a “speculative buy” rating and a $8.50 price target for the company. Northland Securities assumed coverage on shares of FGI Industries in a research note on Wednesday, February 23rd. They issued an “outperform” rating and a $7.00 price target for the company.

FGI stock traded down $0.10 during midday trading on Tuesday, hitting $2.20. The stock had a trading volume of 65,105 shares, compared to its average volume of 1,275,400. FGI Industries has a 1-year low of $2.20 and a 1-year high of $6.25. The company’s fifty day moving average price is $3.07.

FGI Industries (NASDAQ:FGIGet Rating) last released its earnings results on Monday, March 28th. The company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $52.19 million during the quarter, compared to analyst estimates of $46.00 million. Equities analysts anticipate that FGI Industries will post 0.52 earnings per share for the current year.

About FGI Industries (Get Rating)

FGI Industries ltd. supplies kitchen and bath products in the United States, Canada, and Europe. The company sells sanitaryware products, such as toilets, sinks, pedestals, and toilet seats; bath furniture products, 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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