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

StockNews.com assumed coverage on shares of Flexible Solutions International (NYSE:FSI) in a report published on Wednesday. The brokerage issued a hold rating on the stock.

Flexible Solutions International Stock Up 5.1 %

FSI stock opened at $3.39 on Wednesday. The stock’s 50 day simple moving average is $2.49 and its 200 day simple moving average is $2.18. Flexible Solutions International has a fifty-two week low of $1.36 and a fifty-two week high of $3.48. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.70 and a current ratio of 2.65. The company has a market cap of $42.21 million, a P/E ratio of 17.84 and a beta of 1.48.

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

Institutional Trading of Flexible Solutions International

A hedge fund recently raised its stake in Flexible Solutions International stock. Renaissance Technologies LLC grew its stake in shares of Flexible Solutions International, Inc. (NYSE:FSI) by 4.8% in the second quarter, according to its most recent filing 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 about 3.05% of Flexible Solutions International worth $664,000 as of its most recent filing with the SEC. 54.31% of the stock is 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.