Brokers Issue Forecasts for FGI Industries Ltd.’s Q1 2024 Earnings (NASDAQ:FGI)
FGI Industries Ltd. (NASDAQ:FGI – Free Report) – Research analysts at Northland Capmk issued their Q1 2024 earnings per share estimates for FGI Industries in a research note issued on Friday, March 22nd. Northland Capmk analyst G. Gibas anticipates that the company will earn ($0.02) per share for the quarter. The consensus estimate for FGI Industries’ current full-year earnings is $0.08 per share. Northland Capmk also issued estimates for FGI Industries’ Q2 2024 earnings at $0.04 EPS, Q3 2024 earnings at $0.03 EPS, Q4 2024 earnings at $0.02 EPS and FY2024 earnings at $0.08 EPS.
FGI Industries Trading Down 2.0 %
FGI stock opened at $1.50 on Monday. FGI Industries has a 12-month low of $1.26 and a 12-month high of $2.27. The stock’s 50 day simple moving average is $1.57 and its 200 day simple moving average is $1.52. The stock has a market capitalization of $14.25 million, a PE ratio of 21.43 and a beta of 1.36.
Institutional Trading of FGI Industries
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FGI. Vanguard Group Inc. bought a new stake in shares of FGI Industries in the first quarter worth about $43,000. Citadel Advisors LLC purchased a new position in shares of FGI Industries during the 3rd quarter worth about $59,000. Jane Street Group LLC purchased a new stake in shares of FGI Industries in the first quarter worth approximately $72,000. Finally, Perritt Capital Management Inc. bought a new stake in FGI Industries during the 4th quarter valued at $94,000. 10.12% of the stock is owned by hedge funds and other institutional investors.
FGI Industries Company Profile
FGI Industries ltd. supplies kitchen and bath products in the United States, Canada, and Europe. 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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