Flexible Solutions International (NYSE:FSI) Shares Down 0.6% – What’s Next?

Flexible Solutions International, Inc. (NYSE:FSI)’s share price was down 0.6% during mid-day trading on Friday . The company traded as low as $6.30 and last traded at $6.31. Approximately 13,217 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 27,372 shares. The stock had previously closed at $6.35.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Flexible Solutions International from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Flexible Solutions International currently has a consensus rating of “Moderate Buy”.

Flexible Solutions International Price Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 3.17 and a quick ratio of 2.22. The company’s 50-day simple moving average is $6.20 and its 200-day simple moving average is $6.13. The stock has a market capitalization of $80.37 million, a P/E ratio of 19.12 and a beta of 1.65.

Flexible Solutions International (NYSE:FSI) last posted its quarterly earnings results on Wednesday, April 15th. The company reported $0.06 earnings per share (EPS) 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 company earned $0.24 EPS. As a group, sell-side analysts expect that Flexible Solutions International, Inc. will post 0.24 EPS for the current fiscal year.

Institutional Trading of Flexible Solutions International

Several institutional investors and hedge funds have recently added to or reduced their stakes in FSI. Strait & Sound Wealth Management LLC boosted its stake in shares of Flexible Solutions International by 21.3% during the 1st quarter. Strait & Sound Wealth Management LLC now owns 14,228 shares of the company’s stock worth $77,000 after acquiring an additional 2,500 shares during the period. XTX Topco Ltd bought a new position in shares of Flexible Solutions International during the 4th quarter worth approximately $78,000. Quantinno Capital Management LP bought a new position in shares of Flexible Solutions International during the 1st quarter worth approximately $136,000. Regal Investment Advisors LLC boosted its stake in shares of Flexible Solutions International by 22.8% during the 4th quarter. Regal Investment Advisors LLC now owns 34,960 shares of the company’s stock worth $235,000 after acquiring an additional 6,500 shares during the period. Finally, Ritholtz Wealth Management boosted its stake in shares of Flexible Solutions International by 270.3% during the 4th quarter. Ritholtz Wealth Management now owns 41,882 shares of the company’s stock worth $282,000 after acquiring an additional 30,573 shares during the period. 54.31% of the stock is owned by institutional investors.

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.