Flexible Solutions International, Inc. (FSI) Raised to “Hold” at Zacks Investment Research
Flexible Solutions International, Inc. (NYSEMKT:FSI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday.
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. “
Separately, Greenridge Global cut shares of Flexible Solutions International from a “hold” rating to a “sell” rating and reduced their target price for the stock from $1.75 to $1.50 in a report on Monday, August 21st.
Flexible Solutions International (NYSEMKT FSI) traded up 0.51% during midday trading on Monday, reaching $1.97. 25,498 shares of the company’s stock were exchanged. The stock has a market cap of $22.65 million, a P/E ratio of 5.63 and a beta of 0.99. Flexible Solutions International has a 1-year low of $1.20 and a 1-year high of $2.58. The firm’s 50-day moving average is $1.76 and its 200 day moving average is $1.85.
Flexible Solutions International (NYSEMKT:FSI) last released its quarterly earnings results on Monday, August 14th. The basic materials company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The company had revenue of $4.72 million during the quarter, compared to analysts’ expectations of $4.27 million. Flexible Solutions International had a net margin of 5.79% and a return on equity of 6.84%. Equities analysts anticipate that Flexible Solutions International will post $0.33 earnings per share for the current fiscal year.
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About Flexible Solutions International
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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