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

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

Flexible Solutions International Price Performance

Shares of FSI traded up $0.21 during trading hours on Thursday, hitting $3.93. 61,465 shares of the stock were exchanged, compared to its average volume of 29,003. The stock’s 50-day moving average price is $3.66 and its two-hundred day moving average price is $2.70. Flexible Solutions International has a 12-month low of $1.36 and a 12-month high of $4.44. 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 $48.93 million, a price-to-earnings ratio of 17.96 and a beta of 1.46.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Flexible Solutions International stock. James Investment Research Inc. boosted its stake in shares of Flexible Solutions International, Inc. (NYSE:FSI) by 83.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,300 shares of the company’s stock after buying an additional 8,300 shares during the period. James Investment Research Inc. owned 0.15% of Flexible Solutions International worth $67,000 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.