Flexible Solutions International (NYSE:FSI) Trading Up 0.9% – Should You Buy?

Flexible Solutions International, Inc. (NYSE:FSI) traded up 0.9% during trading on Thursday . The company traded as high as $5.41 and last traded at $5.41. 6,835 shares traded hands during trading, a decline of 83% from the average session volume of 41,109 shares. The stock had previously closed at $5.36.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Zacks Research raised Flexible Solutions International from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Singular Research raised shares of Flexible Solutions International from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Flexible Solutions International Stock Performance

The stock has a fifty day moving average of $6.14 and a 200-day moving average of $7.67. The firm has a market capitalization of $68.66 million, a P/E ratio of 16.39 and a beta of 1.63. The company has a quick ratio of 2.22, a current ratio of 3.17 and a debt-to-equity ratio of 0.17.

Insider Activity

In other news, CEO Brien Daniel B. O sold 12,500 shares of the business’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $5.88, for a total value of $73,500.00. Following the sale, the chief executive officer owned 4,599,153 shares of the company’s stock, valued at $27,043,019.64. The trade was a 0.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 118,003 shares of company stock valued at $693,198 in the last 90 days. 35.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Flexible Solutions International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FSI. XTX Topco Ltd acquired a new position in shares of Flexible Solutions International during the 4th quarter worth about $78,000. Ritholtz Wealth Management acquired a new stake in shares of Flexible Solutions International in the third quarter valued at about $109,000. Regal Investment Advisors LLC raised its holdings in Flexible Solutions International by 22.8% during the fourth 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 in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Flexible Solutions International by 179.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 59,524 shares of the company’s stock worth $400,000 after acquiring an additional 38,213 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in Flexible Solutions International by 14.8% during the fourth quarter. Marshall Wace LLP now owns 59,696 shares of the company’s stock valued at $401,000 after purchasing an additional 7,679 shares during the last quarter. 54.31% of the stock is currently owned by institutional investors and hedge funds.

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.