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

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

Flexible Solutions International Price Performance

Shares of NYSE:FSI opened at $3.62 on Monday. The company has a market cap of $45.07 million, a P/E ratio of 19.05 and a beta of 1.48. The company has a quick ratio of 1.70, a current ratio of 2.65 and a debt-to-equity ratio of 0.16. Flexible Solutions International has a 52 week low of $1.36 and a 52 week high of $3.70. The business has a fifty day simple moving average of $3.28 and a 200-day simple moving average of $2.47.

Flexible Solutions International (NYSE:FSI) last issued its earnings results on Wednesday, August 14th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $10.53 million for the quarter, compared to analysts’ expectations of $10.34 million. Equities research analysts forecast that Flexible Solutions International will post 0.29 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Flexible Solutions International stock. Renaissance Technologies LLC grew its stake in shares of Flexible Solutions International, Inc. (NYSE:FSI) by 4.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 379,245 shares of the company’s stock after purchasing an additional 17,400 shares during the quarter. Renaissance Technologies LLC owned 3.05% of Flexible Solutions International worth $664,000 at the end of the most recent quarter. 54.31% of the stock is owned by institutional investors and hedge funds.

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.