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

Equities researchers at StockNews.com initiated coverage on shares of Flexible Solutions International (NYSE:FSI) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

Flexible Solutions International Price Performance

Flexible Solutions International stock opened at $3.76 on Thursday. The company has a market capitalization of $46.81 million, a price-to-earnings ratio of 17.09 and a beta of 1.46. The company has a current ratio of 2.65, a quick ratio of 1.70 and a debt-to-equity ratio of 0.16. Flexible Solutions International has a 12 month low of $1.36 and a 12 month high of $4.44. The stock’s 50 day moving average is $3.67 and its 200-day moving average is $2.71.

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 firm had revenue of $10.53 million for 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%. Equities research analysts expect that Flexible Solutions International will post 0.29 EPS for the current year.

Institutional Investors Weigh In On Flexible Solutions International

An institutional investor recently raised its position in Flexible Solutions International stock. Renaissance Technologies LLC boosted its holdings in Flexible Solutions International, Inc. (NYSE:FSI) by 4.8% during the 2nd quarter, according to 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 approximately 3.05% of Flexible Solutions International worth $664,000 at the end of the most recent reporting period. Institutional investors own 54.31% of the company’s stock.

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.