Flexible Solutions International (NYSE:FSI) Stock Price Down 3.9% – Here’s Why

Flexible Solutions International, Inc. (NYSE:FSI) fell 3.9% on Monday . The stock traded as low as $6.05 and last traded at $6.10. 34,225 shares changed hands during mid-day trading, an increase of 20% from the average session volume of 28,562 shares. The stock had previously closed at $6.35.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Flexible Solutions International from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Flexible Solutions International has an average rating of “Moderate Buy”.

Flexible Solutions International Trading Down 3.9%

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 company has a market capitalization of $77.70 million, a P/E ratio of 18.49 and a beta of 1.66. The business has a 50 day moving average price of $5.84 and a 200 day moving average price of $6.35.

Flexible Solutions International (NYSE:FSI) last released its quarterly earnings data on Wednesday, April 15th. The company reported $0.06 earnings per share for the quarter. Flexible Solutions International had a net margin of 10.80% and a return on equity of 10.61%. During the same quarter last year, the business posted $0.24 EPS. Analysts anticipate that Flexible Solutions International, Inc. will post 0.24 EPS for the current year.

Hedge Funds Weigh In On Flexible Solutions International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ritholtz Wealth Management acquired a new position in shares of Flexible Solutions International in the 3rd quarter valued at $109,000. Vanguard Group Inc. lifted its holdings in Flexible Solutions International by 2.8% during the third quarter. Vanguard Group Inc. now owns 284,869 shares of the company’s stock worth $2,746,000 after acquiring an additional 7,700 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 worth $776,000 after acquiring an additional 1,700 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in Flexible Solutions International by 179.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 59,524 shares of the company’s stock valued at $400,000 after acquiring an additional 38,213 shares during the period. Finally, Marshall Wace LLP increased its holdings in shares of Flexible Solutions International by 14.8% in the fourth quarter. Marshall Wace LLP now owns 59,696 shares of the company’s stock worth $401,000 after acquiring an additional 7,679 shares in the last quarter. 54.31% of the stock is owned by institutional investors.

About Flexible Solutions International

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.