Flexible Solutions International (NYSE:FSI) Receives New Coverage from Analysts at StockNews.com

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

Flexible Solutions International Price Performance

Shares of FSI stock opened at $3.47 on Monday. The firm has a fifty day simple moving average of $3.30 and a 200-day simple moving average of $2.47. The company has a market capitalization of $43.20 million, a PE ratio of 18.26 and a beta of 1.48. Flexible Solutions International has a twelve month low of $1.36 and a twelve month high of $3.70. The company has a current ratio of 2.65, a quick ratio of 1.70 and a debt-to-equity ratio of 0.16.

Flexible Solutions International (NYSE:FSI) last announced its earnings results on Wednesday, August 14th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. Flexible Solutions International had a return on equity of 7.40% and a net margin of 7.46%. The company had revenue of $10.53 million during the quarter, compared to the consensus estimate of $10.34 million. Equities research analysts anticipate that Flexible Solutions International will post 0.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Flexible Solutions International

An institutional investor recently raised its position in Flexible Solutions International stock. Renaissance Technologies LLC raised its stake in shares of Flexible Solutions International, Inc. (NYSE:FSI) by 4.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter. 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.