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

Analysts at StockNews.com assumed coverage on shares of Flexible Solutions International (NYSE:FSIGet Free Report) in a research note issued on Friday. The brokerage set a “hold” rating on the stock.

Flexible Solutions International Stock Performance

Shares of NYSE:FSI opened at $3.95 on Friday. Flexible Solutions International has a 52-week low of $1.48 and a 52-week high of $4.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.22 and a current ratio of 3.17. The company has a market cap of $49.22 million, a P/E ratio of 11.97 and a beta of 1.46. The stock’s 50-day moving average is $3.73 and its 200-day moving average is $2.76.

Hedge Funds Weigh In On Flexible Solutions International

An institutional investor recently raised its position in Flexible Solutions International stock. Renaissance Technologies LLC increased its position in shares of Flexible Solutions International, Inc. (NYSE:FSIFree Report) by 4.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 379,245 shares of the company’s stock after buying an additional 17,400 shares during the quarter. Renaissance Technologies LLC owned 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

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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.

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