Flexible Solutions International (NYSE:FSI) Coverage Initiated at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Flexible Solutions International (NYSE:FSI) in a report released on Monday. The firm set a “hold” rating on the stock.

Flexible Solutions International Price Performance

Shares of Flexible Solutions International stock opened at $1.58 on Monday. The stock has a market cap of $19.65 million, a price-to-earnings ratio of 5.27 and a beta of 1.77. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.07 and a current ratio of 3.14. The stock has a 50 day moving average price of $2.28 and a 200-day moving average price of $2.61. Flexible Solutions International has a one year low of $1.36 and a one year high of $3.70.

Flexible Solutions International (NYSE:FSI) last posted its quarterly earnings data on Tuesday, November 14th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.15). Flexible Solutions International had a return on equity of 10.21% and a net margin of 8.99%. The firm had revenue of $8.72 million for the quarter, compared to analysts’ expectations of $11.93 million. Equities analysts expect that Flexible Solutions International will post 0.35 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Flexible Solutions International by 22.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 60,122 shares of the company’s stock valued at $186,000 after buying an additional 11,006 shares in the last quarter. Advisor Group Holdings Inc. purchased a new position in shares of Flexible Solutions International during the 4th quarter valued at approximately $38,000. Susquehanna International Group LLP acquired a new position in shares of Flexible Solutions International in the 4th quarter valued at $64,000. Citadel Advisors LLC purchased a new stake in Flexible Solutions International during the second quarter worth $67,000. Finally, Vanguard Group Inc. grew its position in Flexible Solutions International by 81.7% during the third quarter. Vanguard Group Inc. now owns 274,858 shares of the company’s stock valued at $454,000 after buying an additional 123,600 shares during the period. 44.90% of the stock is currently owned by institutional investors.

About Flexible Solutions International

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.