FGI Industries (NASDAQ:FGI) Trading 0.5% Higher – Should You Buy?

FGI Industries Ltd. (NASDAQ:FGI)’s share price shot up 0.5% on Monday . The company traded as high as $4.53 and last traded at $4.30. Approximately 19,081 shares traded hands during trading, a decline of 34% from the average session volume of 28,982 shares. The stock had previously closed at $4.28.

Analyst Ratings Changes

Several brokerages have recently issued reports on FGI. Weiss Ratings reiterated a “sell (d-)” rating on shares of FGI Industries in a research note on Wednesday, June 24th. Zacks Research cut FGI Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Finally, Wall Street Zen downgraded FGI Industries from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

FGI Industries Stock Up 0.5%

The company’s fifty day moving average is $4.84 and its two-hundred day moving average is $5.25. The stock has a market cap of $8.30 million, a price-to-earnings ratio of -1.28 and a beta of 2.21.

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 return on equity of 4.56% and a negative net margin of 5.07%.The firm had revenue of $30.50 million for the quarter, compared to analyst estimates of $33.36 million. Sell-side analysts predict that FGI Industries Ltd. will post -0.61 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.