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

Stock analysts at StockNews.com initiated coverage on shares of Flexible Solutions International (NYSE:FSI) in a report issued on Wednesday. The firm set a “hold” rating on the stock.

Flexible Solutions International Stock Performance

NYSE:FSI opened at $3.67 on Wednesday. The stock has a market capitalization of $45.71 million, a P/E ratio of 11.12 and a beta of 1.47. Flexible Solutions International has a 1 year low of $1.63 and a 1 year high of $4.44. The firm has a 50 day moving average of $3.89 and a 200-day moving average of $3.12. The company has a current ratio of 3.17, a quick ratio of 2.22 and a debt-to-equity ratio of 0.17.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Flexible Solutions International stock. Renaissance Technologies LLC raised its stake in 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 about 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 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.