Flexible Solutions International, Inc. (FSI) Downgraded by Greenridge Global
Greenridge Global 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 Monday. They currently have $1.50 price target on the basic materials company’s stock, down from their prior price target of $1.75.
Several other equities analysts have also recently weighed in on FSI. Zacks Investment Research cut Flexible Solutions International from a buy rating to a hold rating in a research note on Thursday, July 13th. TheStreet cut Flexible Solutions International from a b- rating to a c+ rating in a research note on Thursday, June 8th.
Flexible Solutions International (FSI) opened at 1.85 on Monday. Flexible Solutions International has a 52 week low of $1.20 and a 52 week high of $2.58. The stock has a market capitalization of $21.27 million, a P/E ratio of 5.29 and a beta of 0.99. The firm’s 50-day moving average is $1.90 and its 200-day moving average is $1.77.
Flexible Solutions International (NYSEMKT:FSI) last released its earnings results on Monday, August 14th. The basic materials company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Flexible Solutions International had a return on equity of 92.38% and a net margin of 69.74%. The company had revenue of $4.72 million for the quarter, compared to analysts’ expectations of $4.27 million. On average, equities research analysts predict that Flexible Solutions International will post $0.33 EPS for the current fiscal year.
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A hedge fund recently raised its stake in Flexible Solutions International stock. Renaissance Technologies LLC boosted its stake in shares of 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 about 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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