Flexible Solutions International (NYSE:FSI) Shares Down 12.5% – Here’s What Happened

Flexible Solutions International, Inc. (NYSE:FSI)’s share price fell 12.5% on Monday . The stock traded as low as $7.05 and last traded at $7.06. 193,725 shares were traded during mid-day trading, an increase of 32% from the average session volume of 146,631 shares. The stock had previously closed at $8.07.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FSI. Singular Research raised Flexible Solutions International to a “strong-buy” rating in a report on Monday, September 8th. Zacks Research cut shares of Flexible Solutions International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Flexible Solutions International has an average rating of “Buy”.

Flexible Solutions International Stock Performance

The firm’s 50-day moving average price is $9.16 and its two-hundred day moving average price is $6.92. The company has a quick ratio of 2.22, a current ratio of 3.17 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $89.53 million, a PE ratio of 21.39 and a beta of 1.26.

Institutional Trading of Flexible Solutions International

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in shares of Flexible Solutions International by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 80,481 shares of the company’s stock valued at $776,000 after buying an additional 1,700 shares during the period. Vanguard Group Inc. boosted its position in Flexible Solutions International by 2.8% during the third quarter. Vanguard Group Inc. now owns 284,869 shares of the company’s stock valued at $2,746,000 after purchasing an additional 7,700 shares during the last quarter. Strait & Sound Wealth Management LLC purchased a new position in Flexible Solutions International in the second quarter valued at about $49,000. Ritholtz Wealth Management purchased a new position in Flexible Solutions International in the third quarter valued at about $109,000. Finally, Essex Investment Management Co. LLC acquired a new position in Flexible Solutions International in the 1st quarter worth about $134,000. 54.31% of the stock is 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.