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

StockNews.com began coverage on shares of Flexible Solutions International (NYSE:FSI) in a research note published on Monday. The firm issued a hold rating on the stock.

Flexible Solutions International Stock Down 4.0 %

FSI stock opened at $3.47 on Monday. The firm has a fifty day moving average price of $3.30 and a two-hundred day moving average price of $2.47. 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 has a 1-year low of $1.36 and a 1-year high of $3.70. The firm has a market cap of $43.20 million, a price-to-earnings ratio of 18.26 and a beta of 1.48.

Flexible Solutions International (NYSE:FSI) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $10.34 million. Research analysts predict that Flexible Solutions International will post 0.29 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Flexible Solutions International stock. Renaissance Technologies LLC raised its stake in Flexible Solutions International, Inc. (NYSE:FSI) by 4.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 379,245 shares of the company’s stock after buying an additional 17,400 shares during the quarter. Renaissance Technologies LLC owned approximately 3.05% of Flexible Solutions International worth $664,000 as of its most recent SEC filing. 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.