Flexible Solutions International, Inc. (NYSEMKT:FSI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

According to Zacks, “Flexible Solutions International, Inc is an environmental technology company focusing on the research, development and manufacturing of products that save water and energy. The Company develops and manufactures products such as WaterSavr, Heatsavr and Ecosavr. The Company also offers thermal polyaspartate biopolymers (TPAs) for oil fields, agricultural industry, irrigation, detergents, personal care products and cosmetic products. Flexible Solutions International, Inc is based in Victoria, Canada. “

Several other equities analysts have also recently commented on the stock. TheStreet cut shares of Flexible Solutions International from a “b-” rating to a “c+” rating in a research note on Thursday, June 8th. Greenridge Global reaffirmed a “hold” rating and issued a $1.50 price objective on shares of Flexible Solutions International in a research note on Thursday, April 6th.

Flexible Solutions International (NYSEMKT FSI) traded up 3.28% on Friday, reaching $1.94. 49,617 shares of the company’s stock were exchanged. The firm has a market capitalization of $22.23 million, a price-to-earnings ratio of 5.16 and a beta of 0.99. The stock’s 50 day moving average price is $1.94 and its 200 day moving average price is $1.68. Flexible Solutions International has a 1-year low of $1.20 and a 1-year high of $2.58.

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A hedge fund recently raised its stake in Flexible Solutions International stock. Renaissance Technologies LLC raised its position in shares of Flexible Solutions International, Inc. (NYSEMKT:FSI) by 35.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 337,700 shares of the basic materials company’s stock after buying an additional 88,500 shares during the period. Renaissance Technologies LLC owned about 2.95% of Flexible Solutions International worth $449,000 at the end of the most recent reporting period.

Flexible Solutions International Company Profile

Flexible Solutions International, Inc develops, manufactures and markets specialty chemicals, which slow the evaporation of water. The Company operates through two segments: Energy and water conservation products (EWCP), and Biodegradable polymers (BCPAs). The Company’s Energy and water conservation products segment consists of liquid swimming pool blanket, which saves energy and water by inhibiting evaporation from the pool surface, and food-safe powdered form of the active ingredient within the liquid blanket, which is designed to be used in still or slow moving drinking water sources.

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