Flexible Solutions International (NYSE:FSI) Trading 1% Higher – Still a Buy?

Flexible Solutions International, Inc. (NYSE:FSI) shares rose 1% on Thursday . The company traded as high as $5.08 and last traded at $5.00. Approximately 9,023 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 25,234 shares. The stock had previously closed at $4.95.

Analysts Set New Price Targets

Separately, Zacks Research raised Flexible Solutions International from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Flexible Solutions International currently has a consensus rating of “Buy”.

Flexible Solutions International Stock Up 1.0%

The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.22 and a current ratio of 3.17. The company has a market capitalization of $63.73 million, a price-to-earnings ratio of 15.15 and a beta of 1.66. The stock’s fifty day simple moving average is $5.84 and its two-hundred day simple moving average is $5.85.

Institutional Investors Weigh In On Flexible Solutions International

A number of institutional investors and hedge funds have recently modified their holdings of the stock. 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 in the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Flexible Solutions International during the first quarter worth $136,000. Renaissance Technologies LLC raised its position in shares of Flexible Solutions International by 2.3% during the first quarter. Renaissance Technologies LLC now owns 340,945 shares of the company’s stock worth $1,841,000 after purchasing an additional 7,751 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Flexible Solutions International by 6.3% during the first quarter. Dimensional Fund Advisors LP now owns 92,280 shares of the company’s stock valued at $498,000 after purchasing an additional 5,450 shares during the last quarter. Finally, North Star Investment Management Corp. purchased a new stake in shares of Flexible Solutions International during the first quarter valued at $486,000. Institutional investors and hedge funds 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.