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

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

Flexible Solutions International Price Performance

FSI opened at $4.02 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 stock has a fifty day simple moving average of $3.76 and a two-hundred day simple moving average of $2.79. The company has a market cap of $50.09 million, a price-to-earnings ratio of 12.15 and a beta of 1.46. Flexible Solutions International has a 12-month low of $1.50 and a 12-month high of $4.44.

Institutional Investors Weigh In On 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% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 379,245 shares of the company’s stock after acquiring an additional 17,400 shares during the period. Renaissance Technologies LLC owned 3.05% of Flexible Solutions International worth $664,000 at the end of the most recent reporting period. 54.31% of the stock is 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.