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

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

Flexible Solutions International Price Performance

Shares of FSI stock opened at $3.95 on Monday. The firm has a fifty day simple moving average of $3.89 and a 200-day simple moving average of $2.99. The company has a market capitalization of $49.22 million, a PE ratio of 11.97 and a beta of 1.47. Flexible Solutions International has a twelve month low of $1.51 and a twelve month high of $4.44. The company has a current ratio of 3.17, a quick ratio of 2.22 and a debt-to-equity ratio of 0.17.

Institutional Investors Weigh In On Flexible Solutions International

An institutional investor recently raised its position in Flexible Solutions International stock. Renaissance Technologies LLC increased its position in Flexible Solutions International, Inc. (NYSE:FSI) by 4.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 379,245 shares of the company’s stock after purchasing 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.