Flexible Solutions International (NYSE:FSI) Stock Price Down 1.8% – Time to Sell?

Flexible Solutions International, Inc. (NYSE:FSI) dropped 1.8% on Thursday . The company traded as low as $5.38 and last traded at $5.46. Approximately 9,209 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 33,644 shares. The stock had previously closed at $5.56.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FSI shares. Zacks Research upgraded Flexible Solutions International from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Singular Research upgraded shares of Flexible Solutions International from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Flexible Solutions International Stock Performance

The company has a current ratio of 3.17, a quick ratio of 2.22 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average is $5.73 and its two-hundred day moving average is $7.39. The stock has a market capitalization of $69.54 million, a P/E ratio of 16.55 and a beta of 1.62.

Insider Buying and Selling at Flexible Solutions International

In other news, CEO Brien Daniel B. O sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $5.88, for a total transaction of $73,500.00. Following the completion of the transaction, the chief executive officer directly owned 4,599,153 shares in the company, valued at approximately $27,043,019.64. The trade was a 0.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 118,003 shares of company stock worth $693,198 over the last quarter. Insiders own 35.80% of the company’s stock.

Institutional Trading of Flexible Solutions International

Several hedge funds have recently added to or reduced their stakes in FSI. Dimensional Fund Advisors LP raised its stake in Flexible Solutions International by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 80,481 shares of the company’s stock valued at $776,000 after acquiring an additional 1,700 shares in the last quarter. Regal Investment Advisors LLC grew its stake in shares of Flexible Solutions International by 22.8% in the fourth quarter. Regal Investment Advisors LLC now owns 34,960 shares of the company’s stock worth $235,000 after purchasing an additional 6,500 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Flexible Solutions International by 14.8% in the fourth quarter. Marshall Wace LLP now owns 59,696 shares of the company’s stock worth $401,000 after purchasing an additional 7,679 shares in the last quarter. Vanguard Group Inc. increased its holdings 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 valued at $2,746,000 after purchasing an additional 7,700 shares during the period. Finally, Ritholtz Wealth Management bought a new stake in shares of Flexible Solutions International during the third quarter valued at about $109,000. Institutional investors 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.