Flexible Solutions International (NYSE:FSI) Upgraded by Zacks Research to “Hold” Rating

Flexible Solutions International (NYSE:FSI) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Flexible Solutions International Price Performance

FSI opened at $6.45 on Monday. The stock has a 50-day moving average price of $6.34 and a 200-day moving average price of $6.11. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.17 and a quick ratio of 2.22. The firm has a market cap of $82.15 million, a PE ratio of 19.55 and a beta of 1.65. Flexible Solutions International has a 1 year low of $4.27 and a 1 year high of $11.48.

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

Institutional Investors Weigh In On Flexible Solutions International

A number of institutional investors have recently made changes to their positions in FSI. Rothschild Wealth LLC purchased a new position in Flexible Solutions International in the 4th quarter worth approximately $728,000. North Star Investment Management Corp. purchased a new stake in Flexible Solutions International during the 1st quarter valued at $486,000. Beartown Capital Management LLC purchased a new stake in Flexible Solutions International during the 4th quarter valued at $503,000. O Shaughnessy Asset Management LLC increased its holdings in shares of Flexible Solutions International by 179.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 59,524 shares of the company’s stock worth $400,000 after purchasing an additional 38,213 shares in the last quarter. Finally, Ritholtz Wealth Management increased its holdings in shares of Flexible Solutions International by 270.3% in the 4th quarter. Ritholtz Wealth Management now owns 41,882 shares of the company’s stock worth $282,000 after purchasing an additional 30,573 shares in the last quarter. 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.