FGI Industries (NASDAQ:FGI) Upgraded at Zacks Research

Zacks Research upgraded shares of FGI Industries (NASDAQ:FGI) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of FGI Industries in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, FGI Industries presently has a consensus rating of “Moderate Buy”.

FGI Industries Stock Performance

Shares of FGI opened at $4.84 on Tuesday. FGI Industries has a 52 week low of $2.40 and a 52 week high of $12.62. The firm has a market cap of $9.34 million, a P/E ratio of -1.50 and a beta of 1.58. The firm’s 50-day simple moving average is $4.54 and its 200 day simple moving average is $5.53.

FGI Industries (NASDAQ:FGI) last announced its quarterly earnings results on Thursday, April 9th. The company reported ($0.29) EPS for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.14. FGI Industries had a negative net margin of 4.70% and a negative return on equity of 2.07%. The business had revenue of $30.47 million for the quarter, compared to analyst estimates of $35.50 million. During the same quarter in the prior year, the business earned ($0.34) EPS. As a group, equities analysts forecast that FGI Industries will post -0.08 earnings per share for the current year.

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.