Flexible Solutions International (NYSE:FSI) Now Covered by StockNews.com

Investment analysts at StockNews.com started 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

Flexible Solutions International stock opened at $3.33 on Friday. The company has a market capitalization of $41.46 million, a price-to-earnings ratio of 17.53 and a beta of 1.48. The stock’s 50 day moving average is $2.96 and its 200-day moving average is $2.34. The company has a current ratio of 2.65, a quick ratio of 1.70 and a debt-to-equity ratio of 0.16. Flexible Solutions International has a 12 month low of $1.36 and a 12 month high of $3.70.

Flexible Solutions International (NYSE:FSI) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $10.34 million. Equities research analysts expect that Flexible Solutions International will post 0.29 EPS for the current year.

Institutional Trading of Flexible Solutions International

An institutional investor recently raised its position in Flexible Solutions International stock. Renaissance Technologies LLC grew its stake in Flexible Solutions International, Inc. (NYSE:FSI) by 4.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. 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 about 3.05% of Flexible Solutions International worth $664,000 at the end of the most recent quarter. 54.31% of the stock is currently owned by institutional investors.

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.