FGI Industries (NASDAQ:FGI) Shares Down 2.6% – What’s Next?

FGI Industries Ltd. (NASDAQ:FGI)’s stock price was down 2.6% during trading on Tuesday . The company traded as low as $4.26 and last traded at $4.44. 17,016 shares traded hands during trading, a decline of 55% from the average session volume of 37,628 shares. The stock had previously closed at $4.56.

Analysts Set New Price Targets

A number of analysts recently issued reports on FGI shares. Wall Street Zen upgraded FGI Industries to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of FGI Industries in a report on Friday, March 27th. Finally, Zacks Research lowered FGI Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, FGI Industries has a consensus rating of “Reduce”.

FGI Industries Stock Performance

The company has a market capitalization of $8.01 million, a P/E ratio of -1.23 and a beta of 2.16. The company’s fifty day simple moving average is $6.01 and its 200-day simple moving average is $5.68.

FGI Industries (NASDAQ:FGI) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.27). FGI Industries had a negative net margin of 5.07% and a negative return on equity of 4.56%. The business had revenue of $30.50 million during the quarter, compared to the consensus estimate of $33.36 million. On average, sell-side analysts predict that FGI Industries Ltd. will post -0.61 EPS for the current year.

FGI Industries Company Profile

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.