FGI Industries (NASDAQ:FGI) Shares Up 3.5% – What’s Next?

FGI Industries Ltd. (NASDAQ:FGI) shares 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 changed hands 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 stock has a market capitalization of $8.23 million, a P/E ratio of -28.67 and a beta of 1.21. The stock’s fifty day moving average price is $0.84 and its 200 day moving average price is $0.87.

FGI Industries (NASDAQ:FGI) last issued its earnings results on Monday, November 11th. The company reported ($0.01) EPS for the quarter, topping 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 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. On average, sell-side analysts expect that FGI Industries Ltd. will post -0.08 earnings per share for the current 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.