Flexible Solutions International (NYSE:FSI) Research Coverage Started at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Flexible Solutions International (NYSE:FSI) in a research note issued on Monday. The brokerage set a “hold” rating on the stock.

Flexible Solutions International Stock Performance

Shares of FSI opened at $3.62 on Monday. The stock’s 50-day moving average is $3.28 and its two-hundred day moving average is $2.47. The stock has a market cap of $45.07 million, a PE ratio of 19.05 and a beta of 1.48. Flexible Solutions International has a 12 month low of $1.36 and a 12 month high of $3.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.65 and a quick ratio of 1.70.

Flexible Solutions International (NYSE:FSI) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.07 by $0.03. Flexible Solutions International had a return on equity of 7.40% and a net margin of 7.46%. The business had revenue of $10.53 million for the quarter, compared to analysts’ expectations of $10.34 million. Equities analysts forecast that Flexible Solutions International will post 0.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Flexible Solutions International stock. Renaissance Technologies LLC increased its holdings in Flexible Solutions International, Inc. (NYSE:FSI) by 4.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 379,245 shares of the company’s stock after acquiring an additional 17,400 shares during the quarter. Renaissance Technologies LLC owned approximately 3.05% of Flexible Solutions International worth $664,000 as of its most recent filing with the SEC. Institutional investors own 54.31% of the company’s stock.

About Flexible Solutions International

Flexible Solutions International, Inc, together with its subsidiaries, develops, manufactures, and markets specialty chemicals that slow the evaporation of water in Canada, the United States, and internationally. The company operates in two segments, Energy and Water Conservation Products, and Biodegradable Polymers.