Flexible Solutions International (NYSE:FSI) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Flexible Solutions International (NYSE:FSI) in a research report sent to investors on Wednesday. The brokerage issued a hold rating on the stock.

Flexible Solutions International Stock Performance

FSI stock opened at $3.39 on Wednesday. The business has a 50 day moving average of $2.49 and a 200-day moving average of $2.18. Flexible Solutions International has a 12-month low of $1.36 and a 12-month high of $3.48. The firm has a market cap of $42.21 million, a PE ratio of 17.84 and a beta of 1.48. The company has a quick ratio of 1.70, a current ratio of 2.65 and a debt-to-equity ratio of 0.16.

Flexible Solutions International (NYSE:FSI) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. Flexible Solutions International had a return on equity of 7.40% and a net margin of 7.46%. The business had revenue of $10.53 million during the quarter, compared to analyst estimates of $10.34 million. As a group, sell-side analysts expect that Flexible Solutions International will post 0.29 earnings per share for the current year.

Hedge Funds Weigh In On Flexible Solutions International

A hedge fund recently raised its stake in Flexible Solutions International stock. Renaissance Technologies LLC raised its position in shares of Flexible Solutions International, Inc. (NYSE:FSI) by 4.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 379,245 shares of the company’s stock after purchasing an additional 17,400 shares during the period. Renaissance Technologies LLC owned 3.05% of Flexible Solutions International worth $664,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 54.31% of the company’s stock.

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.