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

StockNews.com initiated coverage on shares of Flexible Solutions International (NYSE:FSI) in a research note published on Saturday. The brokerage issued a hold rating on the stock.

Flexible Solutions International Trading Up 4.8 %

FSI opened at $6.30 on Friday. Flexible Solutions International has a 52 week low of $1.65 and a 52 week high of $6.75. The company has a market capitalization of $78.50 million, a P/E ratio of 19.09 and a beta of 1.49. The stock’s fifty day moving average is $4.11 and its two-hundred day moving average is $3.47. The company has a quick ratio of 2.22, a current ratio of 3.17 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. James Investment Research Inc. lifted its holdings in Flexible Solutions International, Inc. (NYSE:FSI) by 83.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 18,300 shares of the company’s stock after purchasing an additional 8,300 shares during the period. James Investment Research Inc. owned about 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.