Flexible Solutions International (NYSE:FSI) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Flexible Solutions International (NYSE:FSI) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the stock.

Flexible Solutions International Stock Up 3.8 %

Shares of FSI stock opened at $4.15 on Tuesday. Flexible Solutions International has a 1 year low of $1.36 and a 1 year high of $4.15. The stock has a market cap of $51.67 million, a PE ratio of 21.84 and a beta of 1.48. The business’s fifty day moving average is $3.42 and its 200-day moving average is $2.52. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.70 and a current ratio of 2.65.

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

Hedge Funds Weigh In On Flexible Solutions International

A hedge fund recently raised its stake in Flexible Solutions International stock. Renaissance Technologies LLC increased its holdings in shares of Flexible Solutions International, Inc. (NYSE:FSI) by 4.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 379,245 shares of the company’s stock after buying an additional 17,400 shares during the quarter. Renaissance Technologies LLC owned 3.05% of Flexible Solutions International worth $664,000 as of its most recent filing with the Securities and Exchange Commission. 54.31% of the stock is currently owned by institutional investors and hedge funds.

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.