Flexible Solutions International (NYSE:FSI) Posts Quarterly Earnings Results

Flexible Solutions International (NYSE:FSI) announced its quarterly earnings data on Wednesday. The company reported $0.06 earnings per share (EPS) for the quarter, RTT News reports. Flexible Solutions International had a net margin of 10.80% and a return on equity of 10.61%. During the same period in the prior year, the company earned $0.24 earnings per share.

Flexible Solutions International Stock Performance

Shares of NYSE:FSI opened at $5.60 on Friday. The firm has a market cap of $71.33 million, a PE ratio of 16.97 and a beta of 1.59. The firm’s 50 day simple moving average is $5.46 and its 200-day simple moving average is $6.76. Flexible Solutions International has a one year low of $3.53 and a one year high of $11.48. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.22 and a current ratio of 3.17.

Insider Activity

In related news, CEO Brien Daniel B. O sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $5.88, for a total value of $73,500.00. Following the completion of the sale, the chief executive officer owned 4,599,153 shares in the company, valued at approximately $27,043,019.64. The trade was a 0.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 118,003 shares of company stock valued at $693,198 in the last ninety days. 35.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Flexible Solutions International

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. XTX Topco Ltd purchased a new stake in Flexible Solutions International in the fourth quarter worth about $78,000. Regal Investment Advisors LLC raised its holdings in shares of Flexible Solutions International by 22.8% in the 4th quarter. Regal Investment Advisors LLC now owns 34,960 shares of the company’s stock valued at $235,000 after purchasing an additional 6,500 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Flexible Solutions International by 179.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 59,524 shares of the company’s stock valued at $400,000 after purchasing an additional 38,213 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Flexible Solutions International by 14.8% in the 4th quarter. Marshall Wace LLP now owns 59,696 shares of the company’s stock worth $401,000 after purchasing an additional 7,679 shares during the period. Finally, Beartown Capital Management LLC bought a new position in shares of Flexible Solutions International during the fourth quarter valued at approximately $503,000. Institutional investors own 54.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Flexible Solutions International from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Flexible Solutions International Company Profile

Flexible Solutions International (NYSE:FSI) is a specialty chemical company dedicated to the development, production and marketing of sustainable polymer-based and bio-based additives. The company’s product portfolio includes polymer modifiers, specialty resins and performance additives that enhance properties such as adhesion, viscosity, impact strength and environmental resistance. These solutions serve a variety of end markets, including coatings and adhesives, composites and plastics, oilfield and mining fluids, wastewater treatment and agricultural applications.

Headquartered in Urbana, Ohio, Flexible Solutions International operates an integrated manufacturing facility that supports customer-specific production and pilot-scale development.