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

StockNews.com began coverage on shares of Flexible Solutions International (NYSE:FSI) in a research report issued to clients and investors on Saturday. The firm set a “hold” rating on the stock.

Flexible Solutions International Price Performance

Shares of FSI stock opened at $4.15 on Friday. Flexible Solutions International has a 1-year low of $1.50 and a 1-year high of $4.44. The stock’s 50-day moving average is $3.82 and its 200 day moving average is $2.86. The company has a market cap of $51.71 million, a P/E ratio of 12.58 and a beta of 1.46. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.17 and a quick ratio of 2.22.

Institutional Investors Weigh In On Flexible Solutions International

A hedge fund recently raised its stake in Flexible Solutions International stock. James Investment Research Inc. grew its holdings in Flexible Solutions International, Inc. (NYSE:FSI) by 83.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,300 shares of the company’s stock after acquiring an additional 8,300 shares during the quarter. James Investment Research Inc. owned 0.15% of Flexible Solutions International worth $67,000 at the end of the most recent reporting period. 54.31% of the stock is owned by hedge funds and other institutional investors.

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.