StockNews.com Begins Coverage on Flexible Solutions International (NYSE:FSI)

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

Flexible Solutions International Stock Performance

Shares of FSI opened at $5.64 on Friday. The company has a current ratio of 3.17, a quick ratio of 2.22 and a debt-to-equity ratio of 0.17. The firm has a market cap of $70.25 million, a PE ratio of 17.09 and a beta of 1.49. The company’s 50 day simple moving average is $3.87 and its 200-day simple moving average is $3.27. Flexible Solutions International has a 12-month low of $1.63 and a 12-month high of $5.98.

Institutional Investors Weigh In On Flexible Solutions International

An institutional investor recently raised its position in Flexible Solutions International stock. James Investment Research Inc. raised its holdings in Flexible Solutions International, Inc. (NYSE:FSI) by 83.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm 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 as of its most recent filing with the SEC. 54.31% of the stock is owned by institutional investors and hedge funds.

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.