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

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

Flexible Solutions International Stock Down 2.0 %

NYSE FSI opened at $3.96 on Wednesday. Flexible Solutions International has a one year low of $1.36 and a one year high of $4.16. 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 business has a fifty day moving average price of $3.57 and a 200 day moving average price of $2.63. The company has a market cap of $49.31 million, a P/E ratio of 18.41 and a beta of 1.46.

Flexible Solutions International (NYSE:FSI) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $10.53 million during the quarter, compared to analysts’ expectations of $10.34 million. Research analysts anticipate that Flexible Solutions International will post 0.29 EPS for the current fiscal year.

Institutional Trading of Flexible Solutions International

A hedge fund recently raised its stake in Flexible Solutions International stock. Renaissance Technologies LLC increased its position in shares of Flexible Solutions International, Inc. (NYSE:FSI) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 379,245 shares of the company’s stock after acquiring an additional 17,400 shares during the quarter. Renaissance Technologies LLC owned approximately 3.05% of Flexible Solutions International worth $664,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 54.31% of the company’s stock.

About Flexible Solutions International

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.