StockNews.com Initiates Coverage on Flexible Solutions International (NYSE:FSI)

StockNews.com began coverage on shares of Flexible Solutions International (NYSE:FSI) in a report released on Thursday morning. The firm issued a hold rating on the stock.

Flexible Solutions International Stock Performance

Shares of NYSE:FSI opened at $3.76 on Thursday. The firm has a market capitalization of $46.82 million, a PE ratio of 11.39 and a beta of 1.46. Flexible Solutions International has a 12 month low of $1.36 and a 12 month high of $4.44. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.65 and a quick ratio of 1.70. The business has a 50-day moving average of $3.68 and a two-hundred day moving average of $2.72.

Institutional Investors Weigh In On Flexible Solutions International

An institutional investor recently raised its position in Flexible Solutions International stock. Renaissance Technologies LLC grew its holdings in shares of Flexible Solutions International, Inc. (NYSE:FSI) by 4.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 379,245 shares of the company’s stock after buying an additional 17,400 shares during the quarter. Renaissance Technologies LLC owned 3.05% of Flexible Solutions International worth $664,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 54.31% of the company’s stock.

About Flexible Solutions International

Flexible Solutions International, Inc, together with its subsidiaries, develops, manufactures, and markets specialty chemicals that slow the evaporation of water in Canada, the United States, and internationally. The company operates in two segments, Energy and Water Conservation Products, and Biodegradable Polymers.