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

Investment analysts at StockNews.com started coverage on shares of Flexible Solutions International (NYSE:FSI) in a research note issued on Wednesday. The brokerage set a “hold” rating on the stock.

Flexible Solutions International Stock Performance

Shares of FSI opened at $1.88 on Wednesday. The company has a market capitalization of $23.39 million, a PE ratio of 6.27 and a beta of 1.60. Flexible Solutions International has a 52-week low of $1.36 and a 52-week high of $3.50. The company has a 50-day simple moving average of $1.90 and a 200-day simple moving average of $1.96. The company has a quick ratio of 2.09, a current ratio of 3.14 and a debt-to-equity ratio of 0.19.

Institutional Investors Weigh In On Flexible Solutions International

A number of institutional investors and hedge funds have recently modified their holdings of FSI. Advisor Group Holdings Inc. purchased a new stake in Flexible Solutions International during the fourth quarter worth $38,000. Susquehanna International Group LLP purchased a new stake in shares of Flexible Solutions International in the 4th quarter worth about $64,000. Citadel Advisors LLC acquired a new position in Flexible Solutions International during the second quarter worth about $67,000. Dimensional Fund Advisors LP lifted its holdings in shares of Flexible Solutions International by 22.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 60,122 shares of the company’s stock valued at $186,000 after purchasing an additional 11,006 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Flexible Solutions International by 81.7% in the third quarter. Vanguard Group Inc. now owns 274,858 shares of the company’s stock valued at $454,000 after purchasing an additional 123,600 shares during the last quarter. Institutional investors and hedge funds own 54.31% of the company’s stock.

Flexible Solutions International Company Profile

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.