FGI Industries (NASDAQ:FGI) Trading Up 3.8% – Here’s What Happened

FGI Industries Ltd. (NASDAQ:FGI)’s stock price rose 3.8% during trading on Tuesday . The stock traded as high as $5.73 and last traded at $5.8350. Approximately 3,309 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 9,265 shares. The stock had previously closed at $5.62.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FGI. Weiss Ratings reissued a “sell (d-)” rating on shares of FGI Industries in a research note on Monday, December 29th. Zacks Research downgraded FGI Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Finally, Wall Street Zen raised FGI Industries to a “sell” rating in a research note on Saturday, December 13th. One 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.com, FGI Industries has a consensus rating of “Reduce”.

FGI Industries Stock Performance

The business’s 50 day simple moving average is $6.13 and its 200-day simple moving average is $5.74. The company has a market cap of $10.89 million, a price-to-earnings ratio of -2.77 and a beta of 1.43.

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.