FGI Industries Approves Key Proposals at AGM

FGI Industries Ltd ( (FGI) ) has provided an announcement.

At the Annual General Meeting of Shareholders on May 28, 2025, FGI Industries Ltd‘s shareholders voted on key matters including the election of five directors, approval of a reverse share split proposal, and ratification of the company’s independent auditor. The shareholders elected five directors, approved a proposal allowing the board to implement reverse share splits, and ratified the appointment of CBIZ CPAs, P.C. as the independent auditor for 2025.

The most recent analyst rating on (FGI) stock is a Buy with a $2.00 price target. To see the full list of analyst forecasts on FGI Industries Ltd stock, see the FGI Stock Forecast page.

Spark’s Take on FGI Stock

According to Spark, TipRanks’ AI Analyst, FGI is a Neutral.

FGI Industries receives a score of 51, reflecting substantial challenges in financial performance due to declining revenues, profitability issues, and cash flow struggles. While technical indicators and valuation metrics are weak, the earnings call provides some optimism with revenue growth and strategic initiatives. This mixed outlook indicates a need for caution.

To see Spark’s full report on FGI stock, click here.

More about FGI Industries Ltd

Average Trading Volume: 131,165

Technical Sentiment Signal: Sell

Current Market Cap: $5.08M

Learn more about FGI stock on TipRanks’ Stock Analysis page.