Zacks Investment Research cut shares of Flexible Solutions International, Inc. (NYSEMKT:FSI) from a hold rating to a sell rating in a research report sent to investors on Thursday.

According to Zacks, “Flexible Solutions International, Inc is an environmental technology company focusing on the research, development and manufacturing of products that save water and energy. The Company develops and manufactures products such as WaterSavr, Heatsavr and Ecosavr. The Company also offers thermal polyaspartate biopolymers (TPAs) for oil fields, agricultural industry, irrigation, detergents, personal care products and cosmetic products. Flexible Solutions International, Inc is based in Victoria, Canada. “

Separately, TheStreet raised shares of Flexible Solutions International from a hold rating to a buy rating in a research note on Thursday, July 28th.

Flexible Solutions International (NYSEMKT:FSI) opened at 1.67 on Thursday. Flexible Solutions International has a 52 week low of $0.75 and a 52 week high of $2.41. The company’s 50-day moving average is $1.90 and its 200-day moving average is $1.71. The company has a market cap of $19.10 million, a P/E ratio of 10.71 and a beta of 0.99.

A hedge fund recently bought a new stake in Flexible Solutions International stock. Panagora Asset Management Inc. purchased a new stake in Flexible Solutions International, Inc. (NYSEMKT:FSI) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 48,964 shares of the company’s stock, valued at approximately $109,000. Panagora Asset Management Inc. owned 0.43% of Flexible Solutions International at the end of the most recent quarter.

About Flexible Solutions International

Flexible Solutions International, Inc develops, manufactures and markets specialty chemicals, which slow the evaporation of water. The Company operates through two segments: Energy and water conservation products (EWCP), and Biodegradable polymers (BCPAs). The Company’s Energy and water conservation products segment consists of liquid swimming pool blanket, which saves energy and water by inhibiting evaporation from the pool surface, and food-safe powdered form of the active ingredient within the liquid blanket, which is designed to be used in still or slow moving drinking water sources.

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