Flexible Solutions International (NYSE:FSI) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Flexible Solutions International (NYSE:FSI – Free Report) from a strong sell rating to a hold rating in a research note released on Monday,Zacks.com reports.

Flexible Solutions International Stock Down 0.6%

Shares of FSI opened at $6.45 on Monday. 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 business has a fifty day moving average of $6.34 and a 200 day moving average of $6.11. The company has a market cap of $82.15 million, a PE ratio of 19.55 and a beta of 1.65. Flexible Solutions International has a 52-week low of $4.27 and a 52-week high of $11.48.

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Flexible Solutions International (NYSE:FSI – Get Free Report) last posted its quarterly earnings data on Wednesday, April 15th. The company reported $0.06 earnings per share for the quarter. Flexible Solutions International had a net margin of 10.80% and a return on equity of 10.61%. During the same quarter in the previous year, the business earned $0.24 EPS. On average, sell-side analysts expect that Flexible Solutions International will post 0.24 EPS for the current year.

Hedge Funds Weigh In On Flexible Solutions International

Hedge funds have recently added to or reduced their stakes in the company. Strait & Sound Wealth Management LLC raised its position in Flexible Solutions International by 21.3% in the 1st quarter. Strait & Sound Wealth Management LLC now owns 14,228 shares of the company’s stock worth $77,000 after purchasing an additional 2,500 shares during the period. XTX Topco Ltd bought a new stake in Flexible Solutions International in the fourth quarter worth about $78,000. Quantinno Capital Management LP purchased a new position in shares of Flexible Solutions International during the first quarter valued at approximately $136,000. Regal Investment Advisors LLC boosted 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, Ritholtz Wealth Management grew its stake in shares of Flexible Solutions International by 270.3% during the fourth quarter. Ritholtz Wealth Management now owns 41,882 shares of the company’s stock valued at $282,000 after buying an additional 30,573 shares during the last quarter. 54.31% of the stock is currently owned by institutional investors.

Flexible Solutions International Company Profile

(Get Free Report)

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.

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