FGI Industries (NASDAQ:FGI) Upgraded by Zacks Research to “Strong-Buy” Rating

FGI Industries (NASDAQ:FGI) was upgraded by stock analysts at Zacks Research 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 report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, FGI Industries presently has a consensus rating of “Moderate Buy”.

FGI Industries Price Performance

FGI opened at $4.65 on Tuesday. FGI Industries has a fifty-two week low of $2.40 and a fifty-two week high of $12.62. The firm’s fifty day moving average price is $4.56 and its two-hundred day moving average price is $5.54. The company has a market capitalization of $8.96 million, a P/E ratio of -1.44 and a beta of 1.58.

FGI Industries (NASDAQ:FGI) last issued its quarterly earnings data on Thursday, April 9th. The company reported ($0.29) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.14. The company had revenue of $30.47 million during the quarter, compared to analysts’ expectations of $35.50 million. FGI Industries had a negative return on equity of 2.07% and a negative net margin of 4.70%.During the same period last year, the business earned ($0.34) earnings per share. On average, equities research analysts expect that FGI Industries will post -0.08 EPS 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.