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

StockNews.com assumed coverage on shares of Flexible Solutions International (NYSE:FSI) in a report released on Saturday morning. The firm issued a hold rating on the stock.

Flexible Solutions International Stock Up 2.7 %

NYSE FSI opened at $3.46 on Friday. Flexible Solutions International has a 12 month low of $1.36 and a 12 month high of $3.70. The company has a current ratio of 2.65, a quick ratio of 1.70 and a debt-to-equity ratio of 0.16. The stock has a market cap of $43.08 million, a PE ratio of 18.21 and a beta of 1.48. The stock’s 50 day moving average is $3.01 and its 200 day moving average is $2.37.

Flexible Solutions International (NYSE:FSI) last released its earnings results on Wednesday, August 14th. The company reported $0.10 EPS 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 the consensus estimate of $10.34 million. Flexible Solutions International had a net margin of 7.46% and a return on equity of 7.40%. Research analysts predict that Flexible Solutions International will post 0.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Flexible Solutions International

A hedge fund recently raised its stake in Flexible Solutions International stock. Renaissance Technologies LLC increased its stake in 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 institutional investor owned 379,245 shares of the company’s stock after acquiring an additional 17,400 shares during the period. Renaissance Technologies LLC owned approximately 3.05% of Flexible Solutions International worth $664,000 as of its most recent SEC filing. 54.31% of the stock is currently owned by hedge funds and other institutional investors.

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.