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

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

Flexible Solutions International Stock Performance

Shares of NYSE:FSI opened at $3.56 on Tuesday. 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 stock has a market capitalization of $44.34 million, a price-to-earnings ratio of 10.79 and a beta of 1.47. Flexible Solutions International has a 1-year low of $1.63 and a 1-year high of $4.44. The company has a 50 day moving average price of $3.91 and a 200 day moving average price of $3.06.

Hedge Funds Weigh In On Flexible Solutions International

An institutional investor recently raised its position in Flexible Solutions International stock. James Investment Research Inc. grew its holdings in Flexible Solutions International, Inc. (NYSE:FSI) by 83.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,300 shares of the company’s stock after purchasing an additional 8,300 shares during the period. James Investment Research Inc. owned approximately 0.15% of Flexible Solutions International worth $67,000 as of its most recent SEC filing. 54.31% of the stock is owned by institutional investors.

Flexible Solutions International Company Profile

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.