FGI Industries (NASDAQ:FGI) Raised to “Buy” at Wall Street Zen

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

Several other research firms have also recently commented on FGI. Zacks Research lowered shares of FGI Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FGI Industries in a report on Monday, September 21st. UBS Group set a $13.00 price objective on FGI Industries in a report on Friday, August 14th. Finally, Benchmark reiterated a “speculative buy” rating and issued a $13.00 price objective (up from $8.00) on shares of FGI Industries in a research report on Friday, August 14th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $13.00.

FGI Industries Stock Performance

Shares of FGI stock opened at $7.66 on Friday. The stock’s fifty day moving average is $6.91 and its 200-day moving average is $5.75. The stock has a market capitalization of $14.78 million, a PE ratio of -3.68 and a beta of 2.29. FGI Industries has a 52 week low of $3.14 and a 52 week high of $19.93.

FGI Industries (NASDAQ:FGI) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.50. The business 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%. As a group, analysts forecast that FGI Industries will post -0.61 earnings per share for the current fiscal year.

About FGI Industries

FGI Industries Ltd. (NASDAQ: FGI) is a designer, manufacturer and distributor of bathroom products for residential and commercial applications. Its portfolio includes bathtubs, shower systems, shower doors, bathroom vanities, sinks, toilets, faucets, mirrors, cabinets and related bathroom accessories.

The company markets products through multiple sales channels, including home-improvement retailers, specialty and independent distributors, plumbing wholesalers, e-commerce platforms and commercial customers.