FGI Industries (NASDAQ:FGI) Trading Up 3.5% – Should You Buy?

FGI Industries Ltd. (NASDAQ:FGI) traded up 3.5% during mid-day trading on Monday . The company traded as high as $0.88 and last traded at $0.86. 41,200 shares were traded during trading, an increase of 89% from the average session volume of 21,767 shares. The stock had previously closed at $0.83.

FGI Industries Price Performance

The company has a market capitalization of $8.23 million, a PE ratio of -28.67 and a beta of 1.21. The company’s fifty day moving average is $0.84 and its 200-day moving average is $0.87.

FGI Industries (NASDAQ:FGI) last announced its quarterly earnings results on Monday, November 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. The business had revenue of $36.10 million for the quarter, compared to the consensus estimate of $30.80 million. FGI Industries had a positive return on equity of 0.35% and a negative net margin of 0.27%. During the same period last year, the business posted $0.05 EPS. Equities research analysts forecast that FGI Industries Ltd. will post -0.08 EPS 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.