FGI Industries (NASDAQ:FGI) Upgraded to “Strong-Buy” at Wall Street Zen

FGI Industries (NASDAQ:FGI) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

A number of other analysts also recently weighed in on the company. UBS Group set a $13.00 price objective on FGI Industries in a report on Friday, August 14th. Benchmark restated a “speculative buy” rating and issued a $13.00 price target (up from $8.00) on shares of FGI Industries in a research note on Friday, August 14th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of FGI Industries in a report on Monday, September 21st. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, FGI Industries has a consensus rating of “Hold” and an average price target of $13.00.

FGI Industries Price Performance

FGI stock opened at $7.56 on Friday. FGI Industries has a 12 month low of $3.14 and a 12 month high of $19.93. The firm’s 50-day moving average is $7.79 and its 200 day moving average is $6.04. The company has a market capitalization of $14.59 million, a PE ratio of 9.16 and a beta of 2.26.

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

FGI Industries Company Profile

FGI Industries Ltd. is a global manufacturer and distributor of bathroom and kitchen products. The company supplies products for residential, hospitality, commercial and multifamily construction applications through retail, wholesale and e-commerce channels.

Its product portfolio includes bathroom vanities and furniture, bathtubs, shower systems and enclosures, toilets, sinks, faucets, mirrors and related accessories. FGI markets products under brands that include Foremost, Jetcoat and Bootz, serving customers across North America and other international markets.

The company traces its roots to 1987 and operates as part of a vertically integrated supply network that combines product design, sourcing, manufacturing and distribution.