FGI Industries (NASDAQ:FGI) Stock Price Up 1.2% – Here’s Why

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 traded hands during mid-day 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 market cap of $8.13 million, a P/E ratio of -28.33 and a beta of 1.22. The stock has a 50-day simple moving average of $0.87 and a 200 day simple moving average of $0.89.

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

About FGI Industries

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.