FGI Industries (NASDAQ:FGI) Trading 0.8% Higher – Here’s What Happened

FGI Industries Ltd. (NASDAQ:FGI)’s share price rose 0.8% on Friday . The stock 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 Stock Up 0.8 %

The company has a market capitalization of $8.77 million, a PE ratio of 15.29 and a beta of 1.39. The firm has a 50-day moving average of $0.82 and a two-hundred day moving average of $0.98.

FGI Industries (NASDAQ:FGI) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). FGI Industries had a return on equity of 2.67% and a net margin of 0.51%. The firm had revenue of $29.37 million for the quarter, compared to analyst estimates of $31.30 million. On average, equities research analysts expect that FGI Industries Ltd. will post -0.01 EPS for the current year.

Institutional Trading of FGI Industries

An institutional investor recently raised its position in FGI Industries stock. Perritt Capital Management Inc. raised its holdings in FGI Industries Ltd. (NASDAQ:FGI) by 21.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,000 shares of the company’s stock after buying an additional 12,385 shares during the period. Perritt Capital Management Inc. owned about 0.73% of FGI Industries worth $104,000 as of its most recent SEC filing.

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.