Flexible Solutions International (NYSE:FSI) Shares Down 3.9% – Time to Sell?

Flexible Solutions International, Inc. (NYSE:FSI) shares fell 3.9% during trading on Monday . The stock traded as low as $6.05 and last traded at $6.10. 34,225 shares were traded during mid-day trading, an increase of 20% from the average session volume of 28,562 shares. The stock had previously closed at $6.35.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Flexible Solutions International from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Flexible Solutions International has a consensus rating of “Moderate Buy”.

Flexible Solutions International Trading Up 3.0%

The stock’s fifty day simple moving average is $5.87 and its two-hundred day simple moving average is $6.30. The firm has a market cap of $79.35 million, a PE ratio of 18.88 and a beta of 1.66. The company has a quick ratio of 2.22, a current ratio of 3.17 and a debt-to-equity ratio of 0.17.

Flexible Solutions International (NYSE:FSI) last issued its quarterly earnings results on Wednesday, April 15th. The company reported $0.06 EPS for the quarter. Flexible Solutions International had a return on equity of 10.61% and a net margin of 10.80%.During the same period in the previous year, the company posted $0.24 EPS. On average, sell-side analysts forecast that Flexible Solutions International, Inc. will post 0.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Flexible Solutions International

Several large investors have recently modified their holdings of FSI. Strait & Sound Wealth Management LLC grew its position in Flexible Solutions International by 21.3% during the 1st quarter. Strait & Sound Wealth Management LLC now owns 14,228 shares of the company’s stock valued at $77,000 after purchasing an additional 2,500 shares during the last quarter. Quantinno Capital Management LP purchased a new position in Flexible Solutions International in the first quarter worth about $136,000. Renaissance Technologies LLC lifted its stake in shares of Flexible Solutions International by 2.3% in the first quarter. Renaissance Technologies LLC now owns 340,945 shares of the company’s stock worth $1,841,000 after buying an additional 7,751 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Flexible Solutions International by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 92,280 shares of the company’s stock worth $498,000 after buying an additional 5,450 shares in the last quarter. Finally, North Star Investment Management Corp. bought a new stake in shares of Flexible Solutions International during the first quarter valued at approximately $486,000. Hedge funds and other institutional investors own 54.31% of the company’s stock.

Flexible Solutions International Company Profile

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.