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

Posted by on Jun 21st, 2023

Equities researchers at StockNews.com started coverage on shares of Flexible Solutions International (NYSE:FSI – Get Rating) in a report issued on Wednesday. The firm set a “hold” rating on the stock.

Flexible Solutions International Trading Up 2.3 %

FSI opened at $2.66 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 1.63. The company’s 50 day simple moving average is $2.93 and its two-hundred day simple moving average is $3.05. Flexible Solutions International has a 1-year low of $1.51 and a 1-year high of $3.70. The firm has a market capitalization of $33.09 million, a price-to-earnings ratio of 5.22 and a beta of 1.73.

Flexible Solutions International (NYSE:FSI – Get Rating) last released its quarterly earnings results on Friday, March 31st. The company reported $0.22 EPS for the quarter. The firm had revenue of $12.21 million for the quarter, compared to analyst estimates of $10.41 million. Flexible Solutions International had a net margin of 14.19% and a return on equity of 18.91%. Analysts expect that Flexible Solutions International will post 0.41 EPS for the current fiscal year.

Insider Activity at Flexible Solutions International

In other Flexible Solutions International news, CEO Brien Daniel B. O sold 23,037 shares of the company’s stock in a transaction on Wednesday, April 19th. The shares were sold at an average price of $3.14, for a total value of $72,336.18. Following the completion of the transaction, the chief executive officer now owns 4,416,615 shares in the company, valued at $13,868,171.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Brien Daniel B. O sold 9,399 shares of the firm’s stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $3.00, for a total value of $28,197.00. Following the completion of the sale, the chief executive officer now owns 4,429,680 shares in the company, valued at $13,289,040. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Brien Daniel B. O sold 23,037 shares of the stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $3.14, for a total transaction of $72,336.18. Following the completion of the transaction, the chief executive officer now directly owns 4,416,615 shares of the company’s stock, valued at $13,868,171.10. The disclosure for this sale can be found here. Insiders have sold 48,141 shares of company stock valued at $146,427 over the last quarter. 37.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. James Investment Research Inc. acquired a new stake in Flexible Solutions International during the fourth quarter worth approximately $31,000. Advisor Group Holdings Inc. acquired a new position in shares of Flexible Solutions International in the 4th quarter valued at $38,000. Sweet Financial Partners LLC acquired a new position in shares of Flexible Solutions International in the 4th quarter valued at $52,000. Susquehanna International Group LLP acquired a new position in shares of Flexible Solutions International in the 4th quarter valued at $64,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Flexible Solutions International by 22.4% in the 4th 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 during the last quarter. 9.99% of the stock is owned by hedge funds and other institutional investors.

About Flexible Solutions International

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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.

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