Flexible Solutions International (NYSE:FSI) Upgraded at Zacks Research

Zacks Research upgraded shares of Flexible Solutions International (NYSE:FSI) from a strong sell rating to a hold rating in a research note released on Monday,Zacks.com reports.

Separately, 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. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

Flexible Solutions International Stock Performance

NYSE FSI opened at $6.28 on Monday. The firm has a market capitalization of $79.71 million, a P/E ratio of 19.03 and a beta of 1.56. The stock has a 50-day simple moving average of $6.79 and a two-hundred day simple moving average of $7.66. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.22 and a current ratio of 3.17. Flexible Solutions International has a fifty-two week low of $3.46 and a fifty-two week high of $11.48.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FSI. Ritholtz Wealth Management acquired a new stake in Flexible Solutions International in the 3rd quarter worth about $109,000. Strait & Sound Wealth Management LLC acquired a new stake in shares of Flexible Solutions International in the second quarter worth approximately $49,000. Vanguard Group Inc. increased its position 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 raised its stake in Flexible Solutions International by 2.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 80,481 shares of the company’s stock valued at $776,000 after purchasing an additional 1,700 shares during the last quarter. 54.31% of the stock is owned by hedge funds and other institutional investors.

Flexible Solutions International Company Profile

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.