Flexible Solutions International (NYSE:FSI) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Flexible Solutions International (NYSE:FSI) in a research report report published on Monday morning. The firm issued a hold rating on the stock.

Flexible Solutions International Price Performance

Shares of NYSE:FSI opened at $3.43 on Monday. The company’s fifty day moving average price is $2.17 and its 200 day moving average price is $2.08. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.73 and a quick ratio of 1.85. Flexible Solutions International has a 12 month low of $1.36 and a 12 month high of $3.48. The firm has a market capitalization of $42.71 million, a P/E ratio of 18.05 and a beta of 1.47.

Flexible Solutions International (NYSE:FSI) last announced 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 company had revenue of $10.53 million during the quarter, compared to the consensus estimate of $10.34 million. Flexible Solutions International had a net margin of 6.23% and a return on equity of 6.24%. As a group, sell-side analysts predict 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 raised its holdings in shares of Flexible Solutions International, Inc. (NYSE:FSI) by 4.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 379,245 shares of the company’s stock after acquiring an additional 17,400 shares during the quarter. Renaissance Technologies LLC owned approximately 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 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.