FGI Industries Ltd. (NASDAQ:FGI) Short Interest Update
by Teresa Graham · The Cerbat GemFGI Industries Ltd. (NASDAQ:FGI – Get Free Report) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totaling 22,434 shares, a decline of 89.6% from the March 31st total of 216,563 shares. Based on an average daily volume of 101,357 shares, the short-interest ratio is presently 0.2 days. Approximately 1.2% of the company’s stock are sold short.
Analysts Set New Price Targets
Several research firms have recently commented on FGI. Weiss Ratings reissued a “sell (d-)” rating on shares of FGI Industries in a research report on Friday, March 27th. Zacks Research raised shares of FGI Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, FGI Industries currently has a consensus rating of “Moderate Buy”.
View Our Latest Research Report on FGI
FGI Industries Price Performance
Shares of NASDAQ:FGI traded up $1.45 during midday trading on Friday, hitting $9.26. 544,488 shares of the company’s stock were exchanged, compared to its average volume of 490,793. The stock has a 50 day moving average price of $4.90 and a 200-day moving average price of $5.65. The company has a market cap of $17.87 million, a PE ratio of -2.88 and a beta of 1.58. FGI Industries has a 12 month low of $2.40 and a 12 month high of $12.62.
FGI Industries (NASDAQ:FGI – Get Free Report) last posted its earnings results on Thursday, April 9th. The company reported ($0.29) EPS for the quarter, topping the consensus estimate of ($0.43) by $0.14. The company had revenue of $30.47 million during the quarter, compared to the consensus estimate of $35.50 million. FGI Industries had a negative net margin of 4.70% and a negative return on equity of 2.19%. During the same period in the previous year, the firm posted ($0.34) earnings per share. On average, analysts anticipate that FGI Industries will post -0.27 EPS 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.