Flexible Solutions International (NYSE:FSI) Stock Price Down 1.8% – Should You Sell?

Flexible Solutions International, Inc. (NYSE:FSI)’s stock price was down 1.8% during mid-day trading on Thursday . The stock traded as low as $5.38 and last traded at $5.46. Approximately 9,209 shares changed hands during trading, a decline of 73% from the average daily volume of 33,644 shares. The stock had previously closed at $5.56.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FSI. Zacks Research upgraded Flexible Solutions International from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Singular Research raised Flexible Solutions International from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy”.

Flexible Solutions International Price Performance

The stock has a market capitalization of $68.53 million, a PE ratio of 16.30 and a beta of 1.62. The business’s 50-day moving average price is $5.70 and its 200 day moving average price is $7.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.22 and a current ratio of 3.17.

Insider Activity at Flexible Solutions International

In other news, CEO Brien Daniel B. O sold 56,000 shares of the firm’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $5.90, for a total transaction of $330,400.00. Following the sale, the chief executive officer owned 4,664,156 shares in the company, valued at approximately $27,518,520.40. This trade represents a 1.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 118,003 shares of company stock valued at $693,198. 35.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in Flexible Solutions International by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 80,481 shares of the company’s stock valued at $776,000 after purchasing an additional 1,700 shares in the last quarter. Regal Investment Advisors LLC boosted its holdings in shares of Flexible Solutions International by 22.8% in 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 in the last quarter. Marshall Wace LLP boosted its holdings in shares of Flexible Solutions International by 14.8% in the 4th quarter. Marshall Wace LLP now owns 59,696 shares of the company’s stock worth $401,000 after purchasing an additional 7,679 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Flexible Solutions International by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 284,869 shares of the company’s stock valued at $2,746,000 after purchasing an additional 7,700 shares during the last quarter. Finally, Ritholtz Wealth Management bought a new position in shares of Flexible Solutions International during the 3rd quarter valued at about $109,000. Institutional investors own 54.31% of the company’s stock.

Flexible Solutions International Company Profile

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.