FG Communities (NASDAQ:FGC) Issues Earnings Results

FG Communities (NASDAQ:FGC) released its earnings results on Wednesday. The company reported ($0.10) earnings per share for the quarter, Zacks reports. FG Communities had a negative net margin of 4,888.86% and a negative return on equity of 95.68%. The firm had revenue of $0.23 million for the quarter.

FG Communities Trading Up 0.5%

FG Communities stock traded up $0.03 during midday trading on Thursday, reaching $6.21. The stock had a trading volume of 140,880 shares, compared to its average volume of 101,260. The company has a fifty day moving average price of $7.84 and a two-hundred day moving average price of $7.27. The company has a market capitalization of $28.41 million, a P/E ratio of -0.78 and a beta of 1.27. FG Communities has a 12 month low of $4.18 and a 12 month high of $16.95.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Wall Street Zen raised shares of FG Communities from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings upgraded FG Communities from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 24th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $10.00.

FG Communities Company Profile

FG Nexus, Inc. (NASDAQ: FGNX) is a diversified holding company focused on building and managing a portfolio of businesses across several industries. The company’s activities include investments and operating interests in financial services, media and entertainment, and related businesses. Through its subsidiaries and investments, FG Nexus provides access to services and products connected with financial solutions, entertainment technology, and other specialized operating activities. Its portfolio-oriented structure allows the company to pursue opportunities across multiple business sectors rather than relying on a single product line.