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

StockNews.com started coverage on shares of Flexible Solutions International (NYSE:FSI) in a report released on Tuesday. The brokerage set a “hold” rating on the stock.

Flexible Solutions International Stock Performance

NYSE:FSI opened at $4.05 on Tuesday. 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 fifty-two week low of $1.36 and a fifty-two week high of $4.16. The company has a 50 day simple moving average of $3.47 and a two-hundred day simple moving average of $2.55. The company has a market capitalization of $50.43 million, a PE ratio of 21.32 and a beta of 1.48.

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

Institutional Investors Weigh In On Flexible Solutions International

An institutional investor recently raised its position in Flexible Solutions International stock. James Investment Research Inc. boosted its stake in Flexible Solutions International, Inc. (NYSE:FSI) by 83.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,300 shares of the company’s stock after purchasing an additional 8,300 shares during the quarter. James Investment Research Inc. owned about 0.15% of Flexible Solutions International worth $67,000 as of its most recent SEC filing. 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.