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

StockNews.com started coverage on shares of Flexible Solutions International (NYSE:FSI) in a report published on Friday morning. The brokerage issued a hold rating on the stock.

Flexible Solutions International Stock Up 0.5 %

Shares of FSI opened at $4.04 on Friday. The stock has a market capitalization of $50.34 million, a PE ratio of 12.18 and a beta of 1.46. Flexible Solutions International has a 1 year low of $1.50 and a 1 year high of $4.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.22 and a current ratio of 3.17. The company’s 50-day simple moving average is $3.76 and its 200-day simple moving average is $2.80.

Institutional Trading of Flexible Solutions International

A hedge fund recently raised its stake in Flexible Solutions International stock. Renaissance Technologies LLC boosted its position in Flexible Solutions International, Inc. (NYSE:FSI) by 4.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 379,245 shares of the company’s stock after acquiring 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. Institutional investors and hedge funds own 54.31% of the company’s stock.

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.