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

Equities researchers at StockNews.com began coverage on shares of Flexible Solutions International (NYSE:FSI) in a report released on Tuesday. The firm set a “hold” rating on the stock.

Flexible Solutions International Stock Performance

Shares of FSI opened at $3.55 on Tuesday. The company has a 50-day simple moving average of $3.91 and a two-hundred day simple moving average of $3.05. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.17 and a quick ratio of 2.22. The firm has a market capitalization of $44.22 million, a PE ratio of 10.76 and a beta of 1.47. Flexible Solutions International has a one year low of $1.63 and a one year high of $4.44.

Hedge Funds Weigh In On Flexible Solutions International

A hedge fund recently raised its stake in Flexible Solutions International stock. Renaissance Technologies LLC lifted its holdings in Flexible Solutions International, Inc. (NYSE:FSI) by 4.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing. 54.31% of the stock is owned by institutional investors and hedge funds.

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.