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

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

Flexible Solutions International Price Performance

NYSE:FSI opened at $1.82 on Monday. Flexible Solutions International has a 1-year low of $1.36 and a 1-year high of $2.96. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.73 and a quick ratio of 1.85. The company has a 50 day moving average price of $2.05 and a 200-day moving average price of $1.95. The firm has a market cap of $22.66 million, a price-to-earnings ratio of 9.58 and a beta of 1.47.

Flexible Solutions International (NYSE:FSI) last issued its quarterly earnings results on Thursday, May 16th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Flexible Solutions International had a net margin of 6.23% and a return on equity of 6.24%. The company had revenue of $9.23 million during the quarter, compared to analysts’ expectations of $10.02 million. Equities research analysts forecast that Flexible Solutions International will post 0.29 EPS for the current year.

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.