Flexible Solutions International (NYSE:FSI) Stock Price Up 0.6% – Should You Buy?

Flexible Solutions International, Inc. (NYSE:FSI) shares rose 0.6% on Wednesday . The company traded as high as $5.32 and last traded at $5.25. Approximately 11,969 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 25,585 shares. The stock had previously closed at $5.22.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Flexible Solutions International from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Flexible Solutions International Stock Up 0.6%

The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.22 and a current ratio of 3.17. The firm has a market cap of $66.92 million, a PE ratio of 15.91 and a beta of 1.63. The stock has a fifty day moving average price of $6.29 and a 200-day moving average price of $6.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FSI. Strait & Sound Wealth Management LLC grew its stake in 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 buying an additional 2,500 shares during the period. XTX Topco Ltd acquired a new position in shares of Flexible Solutions International during the 4th quarter valued at $78,000. Quantinno Capital Management LP acquired a new position in shares of Flexible Solutions International during the 1st quarter valued at $136,000. Regal Investment Advisors LLC boosted its position in Flexible Solutions International by 22.8% during the 4th 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 period. Finally, Ritholtz Wealth Management boosted its position in Flexible Solutions International by 270.3% during the 4th 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 period. 54.31% of the stock is owned by institutional investors and hedge funds.

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.