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

Equities researchers at StockNews.com began coverage on shares of Flexible Solutions International (NYSE:FSI) in a report released on Thursday. The firm set a “hold” rating on the stock.

Flexible Solutions International Stock Down 3.0 %

FSI opened at $4.22 on Thursday. Flexible Solutions International has a 1-year low of $1.36 and a 1-year high of $4.44. The company has a current ratio of 2.65, a quick ratio of 1.70 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $52.54 million, a price-to-earnings ratio of 19.18 and a beta of 1.46. The business has a 50 day moving average of $3.64 and a 200-day moving average of $2.69.

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

Institutional Trading of Flexible Solutions International

A hedge fund recently raised its stake in Flexible Solutions International stock. James Investment Research Inc. increased its position in Flexible Solutions International, Inc. (NYSE:FSI) by 83.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & 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 approximately 0.15% of Flexible Solutions International worth $67,000 as of its most recent SEC filing. 54.31% of the stock is owned by hedge funds and other institutional investors.

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.