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

StockNews.com assumed coverage on shares of Flexible Solutions International (NYSE:FSI) in a research report issued on Wednesday. The brokerage set a “hold” rating on the stock.

Flexible Solutions International Price Performance

Shares of Flexible Solutions International stock opened at $4.05 on Wednesday. The company has a quick ratio of 1.70, a current ratio of 2.65 and a debt-to-equity ratio of 0.16. The company has a market cap of $50.36 million, a PE ratio of 18.39 and a beta of 1.46. The business has a 50 day moving average of $3.56 and a 200 day moving average of $2.62. Flexible Solutions International has a 52 week low of $1.36 and a 52 week high of $4.16.

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

Hedge Funds Weigh In On Flexible Solutions International

An institutional investor recently raised its position in Flexible Solutions International stock. Renaissance Technologies LLC boosted its position in Flexible Solutions International, Inc. (NYSE:FSI) by 4.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 379,245 shares of the company’s stock after purchasing 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 quarter. 54.31% of the stock is owned by institutional investors and hedge funds.

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.