FGI Industries (NASDAQ:FGI) Trading 0.8% Higher – Should You Buy?

Shares of FGI Industries Ltd. (NASDAQ:FGI) were up 0.8% during trading on Friday . The company traded as high as $0.92 and last traded at $0.92. Approximately 3,618 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 9,979 shares. The stock had previously closed at $0.91.

FGI Industries Trading Up 0.8 %

The stock has a market capitalization of $8.77 million, a P/E ratio of 15.29 and a beta of 1.39. The company has a fifty day simple moving average of $0.82 and a two-hundred day simple moving average of $0.98.

FGI Industries (NASDAQ:FGI) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). FGI Industries had a return on equity of 2.67% and a net margin of 0.51%. The business had revenue of $29.37 million for the quarter, compared to analyst estimates of $31.30 million. As a group, analysts forecast that FGI Industries Ltd. will post -0.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FGI Industries stock. Perritt Capital Management Inc. grew its stake in shares of FGI Industries Ltd. (NASDAQ:FGI) by 21.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,000 shares of the company’s stock after buying an additional 12,385 shares during the period. Perritt Capital Management Inc. owned approximately 0.73% of FGI Industries worth $104,000 as of its most recent filing with the Securities and Exchange Commission.

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.