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

Research analysts at StockNews.com began coverage on shares of Flexible Solutions International (NYSE:FSI) in a report issued on Wednesday. The firm set a “hold” rating on the stock.

Flexible Solutions International Stock Up 6.3 %

NYSE:FSI opened at $4.21 on Wednesday. The stock’s fifty day moving average price is $3.59 and its two-hundred day moving average price is $2.64. The company has a market cap of $52.41 million, a price-to-earnings ratio of 19.14 and a beta of 1.46. Flexible Solutions International has a 52-week low of $1.36 and a 52-week high of $4.25. 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 (NYSE:FSI) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $10.53 million during the quarter, compared to analyst estimates of $10.34 million. On average, analysts anticipate that Flexible Solutions International will post 0.29 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Flexible Solutions International stock. Renaissance Technologies LLC boosted its stake in Flexible Solutions International, Inc. (NYSE:FSI) by 4.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing. 54.31% of the stock is currently owned by institutional investors.

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.