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

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

FGI Industries Stock Up 1.2 %

The stock has a market cap of $8.13 million, a P/E ratio of -28.33 and a beta of 1.23. The company’s 50 day moving average price is $0.86 and its two-hundred day moving average price is $0.89.

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. As a group, equities research analysts forecast that FGI Industries Ltd. will post -0.08 earnings per share for the current 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.