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

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

Flexible Solutions International Stock Up 6.3 %

FSI stock opened at $1.96 on Tuesday. The company has a current ratio of 2.73, a quick ratio of 1.85 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average of $2.00 and a two-hundred day moving average of $1.96. Flexible Solutions International has a 12 month low of $1.36 and a 12 month high of $2.96. The company has a market cap of $24.34 million, a price-to-earnings ratio of 10.29 and a beta of 1.47.

Flexible Solutions International (NYSE:FSI) last posted its quarterly earnings results on Thursday, May 16th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Flexible Solutions International had a net margin of 6.23% and a return on equity of 6.24%. The company had revenue of $9.23 million during the quarter, compared to analysts’ expectations of $10.02 million. As a group, analysts forecast that Flexible Solutions International will post 0.29 earnings per share for the current fiscal year.

Flexible Solutions International Increases Dividend

The business also recently declared a — dividend, which was paid on Thursday, May 16th. Stockholders of record on Tuesday, April 30th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, April 29th. This is a positive change from Flexible Solutions International’s previous — dividend of $0.05.

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.