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

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

Flexible Solutions International Stock Up 1.1 %

Shares of FSI opened at $3.76 on Thursday. The company has a market capitalization of $46.81 million, a P/E ratio of 17.09 and a beta of 1.46. Flexible Solutions International has a one year low of $1.36 and a one year high of $4.44. The business’s 50 day simple moving average is $3.67 and its 200-day simple moving average is $2.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.65 and a quick ratio of 1.70.

Flexible Solutions International (NYSE:FSI) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.10 EPS for the quarter, topping 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 company had revenue of $10.53 million for the quarter, compared to analyst estimates of $10.34 million. As a group, sell-side analysts predict that Flexible Solutions International will post 0.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Flexible Solutions International stock. James Investment Research Inc. lifted its stake in shares of Flexible Solutions International, Inc. (NYSE:FSI) by 83.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,300 shares of the company’s stock after acquiring an additional 8,300 shares during the period. James Investment Research Inc. owned approximately 0.15% of Flexible Solutions International worth $67,000 at the end of the most recent quarter. 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.