Flexible Solutions International (NYSE:FSI) Now Covered by StockNews.com

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

Flexible Solutions International Trading Up 6.3 %

Shares of NYSE FSI opened at $4.21 on Wednesday. Flexible Solutions International has a twelve month low of $1.36 and a twelve month high of $4.25. The stock has a market cap of $52.41 million, a price-to-earnings ratio of 19.14 and a beta of 1.46. The company has a quick ratio of 1.70, a current ratio of 2.65 and a debt-to-equity ratio of 0.16. The company’s fifty day moving average is $3.59 and its 200-day moving average is $2.64.

Flexible Solutions International (NYSE:FSI) last posted its earnings results on Wednesday, August 14th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The firm had revenue of $10.53 million during the quarter, compared to analysts’ expectations of $10.34 million. Flexible Solutions International had a return on equity of 7.40% and a net margin of 7.46%. Equities research analysts predict that Flexible Solutions International will post 0.29 EPS for the current year.

Institutional Trading of Flexible Solutions International

A hedge fund recently raised its stake in Flexible Solutions International stock. Renaissance Technologies LLC lifted its stake in shares of Flexible Solutions International, Inc. (NYSE:FSI) by 4.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 approximately 3.05% of Flexible Solutions International worth $664,000 at the end of the most recent quarter. Institutional investors and hedge funds own 54.31% of the company’s stock.

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.