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

StockNews.com initiated coverage on shares of Flexible Solutions International (NYSE:FSI) in a research note published on Saturday. The firm issued a hold rating on the stock.

Flexible Solutions International Stock Down 4.0 %

Shares of NYSE:FSI opened at $3.99 on Friday. Flexible Solutions International has a fifty-two week low of $1.50 and a fifty-two week high of $4.44. 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 50-day simple moving average is $3.83 and its 200-day simple moving average is $2.88. The company has a market cap of $49.65 million, a price-to-earnings ratio of 12.08 and a beta of 1.46.

Hedge Funds Weigh In On Flexible Solutions International

A hedge fund recently raised its stake in Flexible Solutions International stock. Renaissance Technologies LLC grew its position in Flexible Solutions International, Inc. (NYSE:FSI) by 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter. 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.