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

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

Flexible Solutions International Stock Performance

Shares of FSI stock opened at $3.20 on Tuesday. The stock has a fifty day moving average price of $2.32 and a 200 day moving average price of $2.13. 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 stock has a market cap of $39.84 million, a PE ratio of 16.74 and a beta of 1.47. Flexible Solutions International has a 1 year low of $1.36 and a 1 year high of $3.48.

Flexible Solutions International (NYSE:FSI) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.07 by $0.03. The business had revenue of $10.53 million for the quarter, compared to analyst estimates of $10.34 million. Flexible Solutions International had a net margin of 7.46% and a return on equity of 7.40%. Sell-side analysts forecast that Flexible Solutions International will post 0.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Flexible Solutions International

A hedge fund recently raised its stake in Flexible Solutions International stock. Renaissance Technologies LLC raised its holdings in Flexible Solutions International, Inc. (NYSE:FSI) by 4.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 379,245 shares of the company’s stock after acquiring an additional 17,400 shares during the period. Renaissance Technologies LLC owned 3.05% of Flexible Solutions International worth $664,000 at the end of the most recent reporting period. 54.31% of the stock is owned by institutional investors.

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.