Flexible Solutions International (NYSE:FSI) Rating Increased to Hold at Zacks Research

Flexible Solutions International (NYSE:FSI) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Flexible Solutions International Price Performance

FSI opened at $6.45 on Monday. 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 cap of $82.15 million, a price-to-earnings ratio of 19.55 and a beta of 1.65. The stock has a fifty day simple moving average of $6.34 and a two-hundred day simple moving average of $6.11. Flexible Solutions International has a 12-month low of $4.27 and a 12-month high of $11.48.

Flexible Solutions International (NYSE:FSI) last announced its earnings results on Wednesday, April 15th. The company reported $0.06 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 in the previous year, the firm posted $0.24 EPS. Research analysts predict that Flexible Solutions International will post 0.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Flexible Solutions International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Strait & Sound Wealth Management LLC increased its stake in shares of Flexible Solutions International by 21.3% during the first quarter. Strait & Sound Wealth Management LLC now owns 14,228 shares of the company’s stock valued at $77,000 after purchasing an additional 2,500 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Flexible Solutions International in the 4th quarter worth approximately $78,000. Quantinno Capital Management LP bought a new stake in shares of Flexible Solutions International in the 1st quarter worth approximately $136,000. Regal Investment Advisors LLC grew its stake 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 buying an additional 6,500 shares during the last quarter. Finally, Ritholtz Wealth Management grew its stake in shares of Flexible Solutions International by 270.3% in the 4th quarter. Ritholtz Wealth Management now owns 41,882 shares of the company’s stock worth $282,000 after buying an additional 30,573 shares during the last quarter. Hedge funds and other institutional investors own 54.31% of the company’s stock.

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.