FGI Industries (NASDAQ:FGI) Stock Price Down 26.2% – Should You Sell?

FGI Industries Ltd. (NASDAQ:FGIGet Free Report)’s stock price was down 26.2% during mid-day trading on Monday . The stock traded as low as $0.53 and last traded at $0.53. Approximately 391,387 shares changed hands during mid-day trading, an increase of 530% from the average daily volume of 62,128 shares. The stock had previously closed at $0.72.

FGI Industries Price Performance

The firm has a fifty day simple moving average of $0.57 and a 200-day simple moving average of $0.74. The firm has a market cap of $5.08 million, a P/E ratio of -17.67 and a beta of 1.22.

FGI Industries (NASDAQ:FGIGet Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.21. The business had revenue of $33.21 million for the quarter, compared to analyst estimates of $33.00 million. FGI Industries had a positive return on equity of 0.35% and a negative net margin of 0.27%. On average, equities analysts predict that FGI Industries Ltd. will post -0.08 earnings per share for the current year.

About FGI Industries

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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.

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