FGI Industries (NASDAQ:FGI) Trading Up 1.2% – Still a Buy?

FGI Industries Ltd. (NASDAQ:FGI)’s share price rose 1.2% during trading on Thursday . The stock traded as high as $0.85 and last traded at $0.85. Approximately 1,684 shares were traded during trading, a decline of 92% from the average daily volume of 21,147 shares. The stock had previously closed at $0.84.

FGI Industries Stock Performance

The company has a fifty day moving average of $0.87 and a two-hundred day moving average of $0.89. The stock has a market capitalization of $8.13 million, a price-to-earnings ratio of -28.33 and a beta of 1.22.

FGI Industries (NASDAQ:FGI) last posted its quarterly earnings data on Monday, November 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.02. The business had revenue of $36.10 million during the quarter, compared to the consensus estimate of $30.80 million. FGI Industries had a negative net margin of 0.27% and a positive return on equity of 0.35%. During the same period in the prior year, the firm earned $0.05 EPS. As a group, sell-side analysts predict that FGI Industries Ltd. will post -0.08 earnings per share for the current fiscal year.

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.