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

Equities research analysts at StockNews.com initiated coverage on shares of Flexible Solutions International (NYSE:FSI) in a research note issued on Saturday. The brokerage set a “hold” rating on the stock.

Flexible Solutions International Stock Performance

NYSE FSI opened at $4.15 on Friday. The company has a current ratio of 3.17, a quick ratio of 2.22 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $3.82 and its two-hundred day moving average is $2.87. The stock has a market capitalization of $51.71 million, a price-to-earnings ratio of 12.58 and a beta of 1.46. Flexible Solutions International has a 12-month low of $1.50 and a 12-month high of $4.44.

Institutional Investors Weigh In On Flexible Solutions International

A hedge fund recently raised its stake in Flexible Solutions International stock. Renaissance Technologies LLC increased its stake in shares of Flexible Solutions International, Inc. (NYSE:FSI) by 4.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 379,245 shares of the company’s stock after buying an additional 17,400 shares during the period. Renaissance Technologies LLC owned about 3.05% of Flexible Solutions International worth $664,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 54.31% of the company’s stock.

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.