Flexible Solutions International (NYSE:FSI) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Flexible Solutions International (NYSE:FSI) in a report issued on Saturday. The brokerage set a “hold” rating on the stock.

Flexible Solutions International Price Performance

Shares of NYSE FSI opened at $4.15 on Friday. 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 cap of $51.71 million, a PE ratio of 12.58 and a beta of 1.46. The business has a 50-day simple moving average of $3.82 and a two-hundred day simple moving average of $2.86. Flexible Solutions International has a fifty-two week low of $1.50 and a fifty-two week high of $4.44.

Institutional Investors Weigh In On Flexible Solutions International

A hedge fund recently raised its stake in Flexible Solutions International stock. Renaissance Technologies LLC increased its position in shares of Flexible Solutions International, Inc. (NYSE:FSI) by 4.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 379,245 shares of the company’s stock after purchasing 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. 54.31% of the stock is currently owned by institutional investors and hedge funds.

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.