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

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

Flexible Solutions International Price Performance

Shares of Flexible Solutions International stock opened at $3.61 on Wednesday. The company’s fifty day simple moving average is $3.90 and its two-hundred day simple moving average is $3.11. Flexible Solutions International has a 12-month low of $1.63 and a 12-month high of $4.44. The firm has a market cap of $44.97 million, a PE ratio of 10.94 and a beta of 1.47. The company has a quick ratio of 2.22, a current ratio of 3.17 and a debt-to-equity ratio of 0.17.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Flexible Solutions International stock. James Investment Research Inc. lifted its holdings in shares of Flexible Solutions International, Inc. (NYSE:FSI) by 83.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,300 shares of the company’s stock after acquiring 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 filing with the Securities & Exchange Commission. 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.