FGI Industries (NASDAQ:FGI) Upgraded at Zacks Research

FGI Industries (NASDAQ:FGI) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of FGI Industries in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce”.

FGI Industries Trading Down 7.7%

Shares of FGI stock opened at $5.27 on Tuesday. The business’s 50 day moving average is $5.06 and its two-hundred day moving average is $3.85. FGI Industries has a twelve month low of $2.28 and a twelve month high of $12.62. The company has a market capitalization of $10.12 million, a P/E ratio of -3.54 and a beta of 1.45.

FGI Industries (NASDAQ:FGI) last announced its earnings results on Monday, August 11th. The company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.30). FGI Industries had a negative net margin of 2.07% and a negative return on equity of 3.99%. The company had revenue of $31.00 million during the quarter, compared to analysts’ expectations of $32.66 million. FGI Industries has set its FY 2025 guidance at EPS. As a group, equities analysts predict that FGI Industries will post -0.08 earnings per share for the current fiscal 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.