Flexible Solutions International (NYSE:FSI) Stock Price Up 1% – Here’s Why

Shares of Flexible Solutions International, Inc. (NYSE:FSI) rose 1% during trading on Thursday . The company traded as high as $5.08 and last traded at $5.00. Approximately 9,023 shares changed hands during trading, a decline of 64% from the average daily volume of 25,234 shares. The stock had previously closed at $4.95.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Flexible Solutions International from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Flexible Solutions International Stock Performance

The firm’s 50-day simple moving average is $5.84 and its two-hundred day simple moving average is $5.85. The company has a current ratio of 3.17, a quick ratio of 2.22 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $63.73 million, a PE ratio of 15.15 and a beta of 1.66.

Institutional Investors Weigh In On Flexible Solutions International

Several hedge funds have recently bought and sold shares of FSI. XTX Topco Ltd acquired a new stake in Flexible Solutions International during the 4th quarter worth about $78,000. Strait & Sound Wealth Management LLC lifted its position in shares of Flexible Solutions International by 21.3% in the first quarter. Strait & Sound Wealth Management LLC now owns 14,228 shares of the company’s stock worth $77,000 after purchasing an additional 2,500 shares in the last quarter. Quantinno Capital Management LP purchased a new stake in shares of Flexible Solutions International in the first quarter worth approximately $136,000. Regal Investment Advisors LLC lifted its position in shares of Flexible Solutions International by 22.8% in the fourth quarter. Regal Investment Advisors LLC now owns 34,960 shares of the company’s stock worth $235,000 after purchasing an additional 6,500 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in shares of Flexible Solutions International by 270.3% during the fourth quarter. Ritholtz Wealth Management now owns 41,882 shares of the company’s stock worth $282,000 after purchasing an additional 30,573 shares during the period. 54.31% of the stock is owned by hedge funds and other institutional investors.

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.