Flexible Solutions International (NYSE:FSI) Trading Up 0.9% – Still a Buy?

Flexible Solutions International, Inc. (NYSE:FSI) shot up 0.9% on Thursday . The company traded as high as $5.41 and last traded at $5.41. 6,835 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 41,109 shares. The stock had previously closed at $5.36.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Zacks Research raised shares of Flexible Solutions International from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Singular Research raised shares of Flexible Solutions International from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Flexible Solutions International presently has an average rating of “Buy”.

Flexible Solutions International Trading Down 1.1%

The company has a market cap of $68.14 million, a P/E ratio of 16.21 and a beta of 1.63. The business has a fifty day simple moving average of $6.11 and a 200 day simple moving average of $7.67. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.22 and a current ratio of 3.17.

Insider Buying and Selling at Flexible Solutions International

In other news, CEO Brien Daniel B. O sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $5.88, for a total value of $73,500.00. Following the transaction, the chief executive officer directly owned 4,599,153 shares in the company, valued at approximately $27,043,019.64. This trade represents a 0.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 118,003 shares of company stock worth $693,198 over the last 90 days. 35.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Flexible Solutions International

A number of hedge funds have recently added to or reduced their stakes in FSI. Beartown Capital Management LLC bought a new position in shares of Flexible Solutions International during the fourth quarter worth about $503,000. Rothschild Wealth LLC bought a new stake in Flexible Solutions International in the 4th quarter valued at about $728,000. Dimensional Fund Advisors LP boosted its stake in Flexible Solutions International by 7.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 86,830 shares of the company’s stock valued at $584,000 after purchasing an additional 6,349 shares during the period. Vanguard Group Inc. grew its position in Flexible Solutions International by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 284,869 shares of the company’s stock worth $2,746,000 after purchasing an additional 7,700 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Flexible Solutions International in the 4th quarter worth about $78,000. 54.31% of the stock is currently owned by institutional investors.

About Flexible Solutions International

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.