Flexible Solutions International (NYSE:FSI) Shares Down 0.6% – What’s Next?

Flexible Solutions International, Inc. (NYSE:FSI) shares fell 0.6% during mid-day trading on Wednesday . The company traded as low as $7.10 and last traded at $7.11. 16,807 shares were traded during mid-day trading, a decline of 88% from the average session volume of 134,944 shares. The stock had previously closed at $7.15.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FSI. Singular Research raised shares of Flexible Solutions International from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, December 1st. Zacks Research downgraded shares of Flexible Solutions International from a “hold” rating to a “strong sell” rating in a research report on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Flexible Solutions International Trading Down 0.6%

The firm has a market cap of $90.24 million, a PE ratio of 21.55 and a beta of 1.54. 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 business has a 50-day moving average price of $7.69 and a two-hundred day moving average price of $7.39.

Hedge Funds Weigh In On Flexible Solutions International

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Strait & Sound Wealth Management LLC purchased a new stake in Flexible Solutions International during the 2nd quarter worth $49,000. Ritholtz Wealth Management acquired a new position in shares of Flexible Solutions International during the third quarter worth about $109,000. Vanguard Group Inc. lifted its stake in shares of Flexible Solutions International by 2.8% during the third quarter. Vanguard Group Inc. now owns 284,869 shares of the company’s stock worth $2,746,000 after purchasing an additional 7,700 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Flexible Solutions International by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 80,481 shares of the company’s stock worth $776,000 after buying an additional 1,700 shares during the period. Institutional investors and hedge funds own 54.31% of the company’s stock.

About Flexible Solutions International

Flexible Solutions International (NYSE:FSI) is a specialty chemical company dedicated to the development, production and marketing of sustainable polymer-based and bio-based additives. The company’s product portfolio includes polymer modifiers, specialty resins and performance additives that enhance properties such as adhesion, viscosity, impact strength and environmental resistance. These solutions serve a variety of end markets, including coatings and adhesives, composites and plastics, oilfield and mining fluids, wastewater treatment and agricultural applications.

Headquartered in Urbana, Ohio, Flexible Solutions International operates an integrated manufacturing facility that supports customer-specific production and pilot-scale development.