FGI Industries (NASDAQ:FGI) Trading Up 3.7% – Here’s What Happened

FGI Industries Ltd. (NASDAQ:FGI)’s share price was up 3.7% during mid-day trading on Tuesday . The company traded as high as $0.90 and last traded at $0.87. Approximately 23,882 shares were traded during trading, an increase of 144% from the average daily volume of 9,786 shares. The stock had previously closed at $0.84.

FGI Industries Stock Up 3.7 %

The stock’s 50-day moving average price is $0.82 and its 200 day moving average price is $0.86. The firm has a market capitalization of $8.30 million, a price-to-earnings ratio of -28.93 and a beta of 1.21.

FGI Industries (NASDAQ:FGI) last posted its quarterly earnings results on Monday, November 11th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.02. The firm had revenue of $36.10 million during the quarter, compared to analysts’ expectations 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 quarter last year, the firm earned $0.05 earnings per share. On average, sell-side analysts anticipate 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.