FGI Industries (NASDAQ:FGI) Stock Price Up 3.8% – Time to Buy?

FGI Industries Ltd. (NASDAQ:FGI) was up 3.8% during trading on Tuesday . The company traded as high as $5.73 and last traded at $5.8350. Approximately 3,309 shares were traded during trading, a decline of 64% from the average daily volume of 9,265 shares. The stock had previously closed at $5.62.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on FGI shares. Zacks Research downgraded shares of FGI Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Wall Street Zen upgraded FGI Industries to a “sell” rating in a research note on Saturday, December 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of FGI Industries in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, FGI Industries currently has an average rating of “Reduce”.

FGI Industries Trading Up 3.8%

The firm’s fifty day moving average price is $6.14 and its 200 day moving average price is $5.74. The firm has a market capitalization of $11.20 million, a PE ratio of -2.85 and a beta of 1.43.

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.