Equities research analysts at StockNews.com initiated coverage on shares of Flexible Solutions International (NYSE:FSI - Get Free Report) in a research report issued to clients and investors on Tuesday. The firm set a "hold" rating on the stock.
Flexible Solutions International Price Performance
Shares of FSI stock traded down $0.02 during trading hours on Tuesday, reaching $4.13. 32,605 shares of the company were exchanged, compared to its average volume of 27,871. The stock's fifty day moving average is $3.45 and its two-hundred day moving average is $2.54. Flexible Solutions International has a fifty-two week low of $1.36 and a fifty-two week high of $4.16. The company has a market cap of $51.42 million, a price-to-earnings ratio of 21.84 and a beta of 1.48. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.65 and a quick ratio of 1.70.
Flexible Solutions International (NYSE:FSI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. Flexible Solutions International had a net margin of 7.46% and a return on equity of 7.40%. The business had revenue of $10.53 million for the quarter, compared to analyst estimates of $10.34 million. Sell-side analysts forecast that Flexible Solutions International will post 0.29 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Flexible Solutions International
An institutional investor recently raised its position in Flexible Solutions International stock. James Investment Research Inc. raised its position in Flexible Solutions International, Inc. (NYSE:FSI - Free Report) by 83.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,300 shares of the company's stock after purchasing an additional 8,300 shares during the period. James Investment Research Inc. owned approximately 0.15% of Flexible Solutions International worth $67,000 as of its most recent filing with the SEC. Institutional investors own 54.31% of the company's stock.
Flexible Solutions International Company Profile
(
Get Free Report)
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.
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