FGI Industries (NASDAQ:FGI) Posts Earnings Results, Misses Expectations By $0.04 EPS

FGI Industries (NASDAQ:FGI) issued its earnings results on Wednesday. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04), Zacks reports. FGI Industries had a positive return on equity of 0.35% and a negative net margin of 0.27%.

FGI Industries Stock Down 5.6 %

Shares of FGI traded down $0.05 during trading hours on Wednesday, hitting $0.84. The company had a trading volume of 8,052 shares, compared to its average volume of 20,870. The business has a fifty day moving average of $0.85 and a 200-day moving average of $0.84. The firm has a market cap of $8.03 million, a price-to-earnings ratio of -28.00 and a beta of 1.23. FGI Industries has a 12 month low of $0.70 and a 12 month high of $1.59.

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.