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

Analysts at StockNews.com began coverage on shares of Flexible Solutions International (NYSE:FSI - Get Free Report) in a report issued on Thursday. The brokerage set a "hold" rating on the stock.

Flexible Solutions International Trading Down 11.8 %

Shares of NYSE FSI traded down $0.50 during midday trading on Thursday, reaching $3.72. The stock had a trading volume of 47,217 shares, compared to its average volume of 28,842. The company's 50 day moving average price is $3.66 and its 200 day moving average price is $2.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.70 and a current ratio of 2.65. Flexible Solutions International has a twelve month low of $1.36 and a twelve month high of $4.44. The firm has a market cap of $46.32 million, a price-to-earnings ratio of 16.91 and a beta of 1.46.

Flexible Solutions International (NYSE:FSI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $10.34 million. As a group, sell-side analysts expect that Flexible Solutions International will post 0.29 EPS for the current year.

Hedge Funds Weigh In On Flexible Solutions International

A hedge fund recently raised its stake in Flexible Solutions International stock. James Investment Research Inc. raised its stake in Flexible Solutions International, Inc. (NYSE:FSI - Free Report) by 83.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 0.15% of Flexible Solutions International worth $67,000 as of its most recent SEC filing. 54.31% of the stock is currently owned by institutional investors and hedge funds.

About Flexible Solutions International

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.