Flexible Solutions International (NYSE:FSI) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Flexible Solutions International (NYSE:FSI) in a research report sent to investors on Friday morning. The firm issued a hold rating on the stock.

Flexible Solutions International Price Performance

FSI opened at $4.01 on Friday. The business has a fifty day moving average of $3.75 and a 200 day moving average of $2.77. Flexible Solutions International has a 52-week low of $1.50 and a 52-week high of $4.44. The company has a quick ratio of 2.22, a current ratio of 3.17 and a debt-to-equity ratio of 0.17. The stock has a market cap of $49.95 million, a P/E ratio of 12.15 and a beta of 1.46.

Hedge Funds Weigh In On Flexible Solutions International

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

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.