Zacks Research Upgrades Flexible Solutions International (NYSE:FSI) to “Hold”

Flexible Solutions International (NYSE:FSI) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Flexible Solutions International Stock Performance

NYSE:FSI opened at $6.45 on Monday. The stock has a market cap of $82.15 million, a P/E ratio of 19.55 and a beta of 1.65. The firm’s fifty day simple moving average is $6.34 and its 200 day simple moving average is $6.11. Flexible Solutions International has a twelve month low of $4.27 and a twelve month high of $11.48. The company has a quick ratio of 2.22, a current ratio of 3.17 and a debt-to-equity ratio of 0.17.

Flexible Solutions International (NYSE:FSI) last issued its quarterly earnings data on Wednesday, April 15th. The company reported $0.06 earnings per share (EPS) for the quarter. Flexible Solutions International had a net margin of 10.80% and a return on equity of 10.61%. During the same quarter in the prior year, the company posted $0.24 EPS. As a group, research analysts predict that Flexible Solutions International will post 0.24 EPS for the current year.

Hedge Funds Weigh In On Flexible Solutions International

A number of institutional investors have recently bought and sold shares of FSI. Dimensional Fund Advisors LP boosted its position in shares of Flexible Solutions International by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 80,481 shares of the company’s stock valued at $776,000 after purchasing an additional 1,700 shares in the last quarter. Strait & Sound Wealth Management LLC grew its stake in Flexible Solutions International by 21.3% in the first quarter. Strait & Sound Wealth Management LLC now owns 14,228 shares of the company’s stock worth $77,000 after purchasing an additional 2,500 shares during the period. Regal Investment Advisors LLC raised its holdings in Flexible Solutions International by 22.8% in the fourth quarter. Regal Investment Advisors LLC now owns 34,960 shares of the company’s stock worth $235,000 after purchasing an additional 6,500 shares in the last quarter. Marshall Wace LLP raised its holdings in Flexible Solutions International by 14.8% in the fourth quarter. Marshall Wace LLP now owns 59,696 shares of the company’s stock worth $401,000 after purchasing an additional 7,679 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Flexible Solutions International by 2.8% during the third quarter. Vanguard Group Inc. now owns 284,869 shares of the company’s stock valued at $2,746,000 after buying an additional 7,700 shares during the period. 54.31% of the stock is owned by institutional investors.

About Flexible Solutions International

Flexible Solutions International (NYSE:FSI) is a specialty chemical company dedicated to the development, production and marketing of sustainable polymer-based and bio-based additives. The company’s product portfolio includes polymer modifiers, specialty resins and performance additives that enhance properties such as adhesion, viscosity, impact strength and environmental resistance. These solutions serve a variety of end markets, including coatings and adhesives, composites and plastics, oilfield and mining fluids, wastewater treatment and agricultural applications.

Headquartered in Urbana, Ohio, Flexible Solutions International operates an integrated manufacturing facility that supports customer-specific production and pilot-scale development.