FGI Industries (NASDAQ:FGI) Stock Moved Up to “Buy” by Wall Street Zen

Wall Street Zen upgraded shares of FGI Industries (NASDAQ:FGI) to a buy rating in a research note published on Saturday morning,Wall Street Zen reports.

Other analysts also recently issued reports about the stock. Zacks Research downgraded shares of FGI Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Benchmark restated a “speculative buy” rating and issued a $13.00 target price (up from $8.00) on shares of FGI Industries in a research report on Friday, August 14th. Weiss Ratings restated a “sell (d-)” rating on shares of FGI Industries in a research note on Monday, September 21st. Finally, UBS Group set a $13.00 price target on FGI Industries in a report on Friday, August 14th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, FGI Industries has a consensus rating of “Hold” and an average target price of $13.00.

FGI Industries Price Performance

Shares of FGI opened at $7.66 on Friday. FGI Industries has a 12 month low of $3.14 and a 12 month high of $19.93. The stock has a fifty day moving average price of $6.91 and a 200 day moving average price of $5.74. The company has a market cap of $14.78 million, a P/E ratio of -3.68 and a beta of 2.29.

FGI Industries (NASDAQ:FGI) last posted its earnings results on Wednesday, August 12th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.50. FGI Industries had a positive return on equity of 10.02% and a negative net margin of 3.07%.The company had revenue of $31.89 million for the quarter, compared to analysts’ expectations of $33.85 million. As a group, research analysts anticipate that FGI Industries will post -0.61 earnings per share for the current year.

FGI Industries Company Profile

FGI Industries Ltd. (NASDAQ: FGI) is a designer, manufacturer and distributor of bathroom products for residential and commercial applications. Its portfolio includes bathtubs, shower systems, shower doors, bathroom vanities, sinks, toilets, faucets, mirrors, cabinets and related bathroom accessories.

The company markets products through multiple sales channels, including home-improvement retailers, specialty and independent distributors, plumbing wholesalers, e-commerce platforms and commercial customers.