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

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

Flexible Solutions International Stock Performance

Shares of NYSE FSI opened at $4.00 on Tuesday. The business’s 50-day simple moving average is $3.49 and its 200-day simple moving average is $2.56. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.70 and a current ratio of 2.65. Flexible Solutions International has a 52 week low of $1.36 and a 52 week high of $4.16. The firm has a market cap of $49.74 million, a price-to-earnings ratio of 21.03 and a beta of 1.48.

Flexible Solutions International (NYSE:FSI) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $10.34 million. As a group, equities research analysts expect that Flexible Solutions International will post 0.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Flexible Solutions International

An institutional investor recently raised its position 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 2nd 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 purchasing an additional 17,400 shares during the quarter. Renaissance Technologies LLC owned about 3.05% of Flexible Solutions International worth $664,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.