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

Analysts at StockNews.com started coverage on shares of Flexible Solutions International (NYSE:FSI) in a report released on Friday. The firm set a “hold” rating on the stock.

Flexible Solutions International Stock Down 0.8 %

NYSE:FSI opened at $3.65 on Friday. Flexible Solutions International has a fifty-two week low of $1.36 and a fifty-two week high of $3.70. The stock has a market capitalization of $45.45 million, a P/E ratio of 19.21 and a beta of 1.48. 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’s 50-day simple moving average is $2.81 and its 200-day simple moving average is $2.29.

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

Institutional Trading of Flexible Solutions International

An institutional investor recently raised its position in Flexible Solutions International stock. Renaissance Technologies LLC increased its stake in Flexible Solutions International, Inc. (NYSE:FSI) by 4.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission. 54.31% of the stock is currently 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.