Flexible Solutions International (NYSE:FSI) Trading Down 0.6% – Here’s Why

Flexible Solutions International, Inc. (NYSE:FSI)’s share price was down 0.6% on Friday . The company traded as low as $6.30 and last traded at $6.31. Approximately 13,217 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 27,372 shares. The stock had previously closed at $6.35.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Flexible Solutions International from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Flexible Solutions International Trading Down 0.6%

The company has a quick ratio of 2.22, a current ratio of 3.17 and a debt-to-equity ratio of 0.17. The stock’s 50 day moving average price is $6.20 and its 200-day moving average price is $6.13. The stock has a market capitalization of $80.37 million, a P/E ratio of 19.12 and a beta of 1.65.

Flexible Solutions International (NYSE:FSI) last released its quarterly earnings data on Wednesday, April 15th. The company reported $0.06 earnings per share (EPS) for the quarter. Flexible Solutions International had a net margin of 10.80% and a return on equity of 10.61%. During the same quarter in the prior year, the firm earned $0.24 EPS. As a group, equities research analysts expect that Flexible Solutions International, Inc. will post 0.24 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Strait & Sound Wealth Management LLC raised its holdings in shares of Flexible Solutions International by 21.3% during the first quarter. Strait & Sound Wealth Management LLC now owns 14,228 shares of the company’s stock worth $77,000 after purchasing an additional 2,500 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Flexible Solutions International during the fourth quarter worth $78,000. Quantinno Capital Management LP purchased a new position in shares of Flexible Solutions International during the first quarter worth $136,000. Regal Investment Advisors LLC raised its holdings in shares of Flexible Solutions International by 22.8% during 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 during the last quarter. Finally, Ritholtz Wealth Management raised its holdings in shares of Flexible Solutions International by 270.3% during the fourth quarter. Ritholtz Wealth Management now owns 41,882 shares of the company’s stock worth $282,000 after purchasing an additional 30,573 shares during the last quarter. Hedge funds and other institutional investors own 54.31% of the company’s stock.

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.