Flexible Solutions International (NYSE:FSI) Coverage Initiated by Analysts at StockNews.com

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

Flexible Solutions International Stock Performance

Shares of FSI opened at $3.56 on Tuesday. The company has a 50-day moving average of $3.91 and a two-hundred day moving average of $3.05. The stock has a market cap of $44.34 million, a P/E ratio of 10.79 and a beta of 1.47. Flexible Solutions International has a 12-month low of $1.63 and a 12-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.

Hedge Funds 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 the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 379,245 shares of the company’s stock after buying an additional 17,400 shares during the period. Renaissance Technologies LLC owned about 3.05% of Flexible Solutions International worth $664,000 as of its most recent SEC filing. 54.31% of the stock is currently owned by institutional investors and hedge funds.

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.