Flexible Solutions International, Inc. (NYSEMKT:FSI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday, July 20th. The firm currently has a $2.00 price target on the basic materials company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 1.52% from the stock’s previous close.

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. “

Other equities analysts have also recently issued research reports about the company. TheStreet cut Flexible Solutions International from a “b-” rating to a “c+” rating in a report on Thursday, June 8th. Greenridge Global restated a “hold” rating and set a $1.50 price objective on shares of Flexible Solutions International in a report on Thursday, April 6th.

Shares of Flexible Solutions International (FSI) opened at 1.97 on Thursday. The stock’s 50 day moving average price is $1.88 and its 200-day moving average price is $1.72. The stock has a market cap of $22.58 million, a price-to-earnings ratio of 5.24 and a beta of 0.99. Flexible Solutions International has a 1-year low of $1.20 and a 1-year high of $2.58.

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A hedge fund recently raised its stake in Flexible Solutions International stock. Renaissance Technologies LLC boosted its stake in Flexible Solutions International, Inc. (NYSEMKT:FSI) by 35.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 337,700 shares of the basic materials company’s stock after buying an additional 88,500 shares during the period. Renaissance Technologies LLC owned approximately 2.95% of Flexible Solutions International worth $449,000 as of its most recent filing with the SEC.

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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