Flexible Solutions International (NYSE:FSI) Trading 0.6% Higher – Still a Buy?

Shares of Flexible Solutions International, Inc. (NYSE:FSIGet Free Report) shot up 0.6% during trading on Wednesday . The company traded as high as $5.32 and last traded at $5.25. Approximately 11,969 shares were traded during trading, a decline of 53% from the average session volume of 25,585 shares. The stock had previously closed at $5.22.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Flexible Solutions International from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

Get Our Latest Analysis on FSI

Flexible Solutions International Stock Down 1.8%

The company has a market cap of $63.86 million, a P/E ratio of 15.18 and a beta of 1.63. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.17 and a quick ratio of 2.22. The stock has a fifty day moving average price of $6.26 and a two-hundred day moving average price of $5.99.

Institutional Trading of Flexible Solutions International

Several hedge funds have recently made changes to their positions in the company. North Star Investment Management Corp. purchased a new position in shares of Flexible Solutions International in the first quarter valued at $486,000. Ritholtz Wealth Management boosted its stake in Flexible Solutions International by 270.3% in the 4th quarter. Ritholtz Wealth Management now owns 41,882 shares of the company’s stock worth $282,000 after purchasing an additional 30,573 shares during the period. XTX Topco Ltd purchased a new position in Flexible Solutions International during the 4th quarter valued at about $78,000. Regal Investment Advisors LLC increased its position in shares of Flexible Solutions International by 22.8% during the fourth quarter. Regal Investment Advisors LLC now owns 34,960 shares of the company’s stock valued at $235,000 after buying an additional 6,500 shares during the period. Finally, Rothschild Wealth LLC bought a new stake in shares of Flexible Solutions International during the fourth quarter valued at about $728,000. 54.31% of the stock is currently owned by institutional investors.

About Flexible Solutions International

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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.

Further Reading

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