StockNews.com Begins Coverage on Flexible Solutions International (NYSE:FSI)

StockNews.com assumed coverage on shares of Flexible Solutions International (NYSE:FSI - Free Report) in a research report sent to investors on Tuesday morning. The firm issued a hold rating on the stock.

Flexible Solutions International Trading Down 9.4 %

Shares of NYSE:FSI traded down $0.62 during midday trading on Tuesday, reaching $5.95. 103,738 shares of the company's stock were exchanged, compared to its average volume of 679,142. The stock has a market cap of $74.14 million, a price-to-earnings ratio of 18.03 and a beta of 1.54. Flexible Solutions International has a fifty-two week low of $1.65 and a fifty-two week high of $7.24. The firm's 50 day simple moving average is $5.05 and its two-hundred day simple moving average is $4.04. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.17 and a quick ratio of 2.22.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FSI. Citadel Advisors LLC increased its stake in Flexible Solutions International by 12.6% during the fourth quarter. Citadel Advisors LLC now owns 23,213 shares of the company's stock worth $84,000 after purchasing an additional 2,590 shares during the period. James Investment Research Inc. increased its stake in Flexible Solutions International by 83.0% during the third quarter. James Investment Research Inc. now owns 18,300 shares of the company's stock worth $67,000 after purchasing an additional 8,300 shares during the period. Dimensional Fund Advisors LP increased its stake in Flexible Solutions International by 26.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 52,499 shares of the company's stock worth $190,000 after purchasing an additional 11,017 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Flexible Solutions International by 5.4% during the fourth quarter. Renaissance Technologies LLC now owns 389,445 shares of the company's stock worth $1,406,000 after purchasing an additional 20,000 shares during the period. Institutional investors and hedge funds own 54.31% of the company's stock.

Flexible Solutions International Company Profile

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.