Flexible Solutions International (NYSE:FSI) Earns Hold Rating from Analysts at StockNews.com

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

Flexible Solutions International Trading Down 1.2 %

Shares of FSI opened at $3.40 on Thursday. The firm has a fifty day simple moving average of $2.59 and a two-hundred day simple moving average of $2.21. Flexible Solutions International has a twelve month low of $1.36 and a twelve month high of $3.48. The company has a quick ratio of 1.70, a current ratio of 2.65 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $42.33 million, a P/E ratio of 17.89 and a beta of 1.47.

Flexible Solutions International (NYSE:FSI) last posted its 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 net margin of 7.46% and a return on equity of 7.40%. The firm had revenue of $10.53 million during the quarter, compared to analysts’ expectations of $10.34 million. On average, research analysts anticipate that Flexible Solutions International will post 0.29 EPS for the current year.

Institutional Investors Weigh In On Flexible Solutions International

An institutional investor recently raised its position in Flexible Solutions International stock. Renaissance Technologies LLC increased its holdings in Flexible Solutions International, Inc. (NYSE:FSI) by 4.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (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 about 3.05% of Flexible Solutions International worth $664,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 54.31% of the company’s stock.

Flexible Solutions International Company Profile

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.