FGI Industries (NASDAQ:FGI) Raised to Strong-Buy at Wall Street Zen

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

FGI has been the subject of a number of other reports. UBS Group set a $13.00 price objective on shares of FGI Industries in a research report on Friday, August 14th. Benchmark reissued 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. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FGI Industries in a research report on Monday, September 21st. One investment analyst has rated the stock with a Buy rating, one has given 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 Trading Up 1.9%

Shares of NASDAQ FGI opened at $7.56 on Friday. The company has a 50 day simple moving average of $7.79 and a two-hundred day simple moving average of $6.04. The stock has a market cap of $14.59 million, a price-to-earnings ratio of 9.16 and a beta of 2.26. FGI Industries has a 12 month low of $3.14 and a 12 month high of $19.93.

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