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

StockNews.com initiated coverage on shares of Flexible Solutions International (NYSE:FSI) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the stock.

Flexible Solutions International Stock Down 1.2 %

Shares of NYSE FSI opened at $6.01 on Friday. The company has a quick ratio of 2.22, a current ratio of 3.17 and a debt-to-equity ratio of 0.17. The firm’s fifty day moving average is $4.33 and its 200 day moving average is $3.62. The company has a market cap of $74.88 million, a price-to-earnings ratio of 18.21 and a beta of 1.53. Flexible Solutions International has a 52 week low of $1.65 and a 52 week high of $6.75.

Hedge Funds Weigh In On Flexible Solutions International

A hedge fund recently raised its stake in Flexible Solutions International stock. Renaissance Technologies LLC boosted its position in shares of Flexible Solutions International, Inc. (NYSE:FSI) by 4.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 379,245 shares of the company’s stock after buying an additional 17,400 shares during the period. 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 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.