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

StockNews.com began coverage on shares of Flexible Solutions International (NYSE:FSIFree Report) in a report published on Friday. The brokerage issued a hold rating on the stock.

Flexible Solutions International Price Performance

Shares of FSI opened at $2.11 on Friday. The business’s 50-day moving average is $1.96 and its two-hundred day moving average is $1.92. The company has a market capitalization of $26.27 million, a P/E ratio of 9.59 and a beta of 1.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.90 and a current ratio of 3.01. Flexible Solutions International has a fifty-two week low of $1.36 and a fifty-two week high of $3.25.

Flexible Solutions International (NYSE:FSIGet Free Report) last announced its quarterly earnings results on Monday, April 1st. The company reported $0.14 earnings per share for the quarter. The company had revenue of $9.43 million for the quarter. Flexible Solutions International had a return on equity of 7.51% and a net margin of 7.24%. Research analysts predict that Flexible Solutions International will post 0.3 earnings per share for the current year.

Institutional Investors Weigh In On Flexible Solutions International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in shares of Flexible Solutions International by 22.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 60,122 shares of the company’s stock valued at $186,000 after acquiring an additional 11,006 shares during the period. Advisor Group Holdings Inc. acquired a new stake in shares of Flexible Solutions International during the 4th quarter valued at about $38,000. Susquehanna International Group LLP acquired a new stake in shares of Flexible Solutions International during the 4th quarter valued at about $64,000. Citadel Advisors LLC acquired a new stake in shares of Flexible Solutions International during the 2nd quarter valued at about $67,000. Finally, Vanguard Group Inc. grew its position in shares of Flexible Solutions International by 81.7% during the 3rd quarter. Vanguard Group Inc. now owns 274,858 shares of the company’s stock valued at $454,000 after acquiring an additional 123,600 shares during the period. 54.31% of the stock is owned by institutional investors and hedge funds.

Flexible Solutions International Company Profile

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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.

Further Reading

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