Zacks Investment Research cut shares of Flexible Solutions International, Inc. (NYSEMKT:FSI) from a hold rating to a sell rating in a research note published on Tuesday.

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 research analysts have also issued reports about the company. Greenridge Global lowered Flexible Solutions International from a hold rating to a sell rating and cut their target price for the stock from $1.75 to $1.50 in a research report on Monday, August 21st. TheStreet lowered Flexible Solutions International from a b- rating to a c+ rating in a research report on Thursday, June 8th.

Shares of Flexible Solutions International (NYSEMKT:FSI) opened at 1.81 on Tuesday. Flexible Solutions International has a 52-week low of $1.20 and a 52-week high of $2.58. The stock has a market cap of $20.81 million, a PE ratio of 5.17 and a beta of 0.99. The company’s 50-day moving average price is $1.76 and its 200-day moving average price is $1.82.

Flexible Solutions International (NYSEMKT:FSI) last announced its earnings results on Monday, August 14th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $4.72 million for the quarter, compared to analyst estimates of $4.27 million. Flexible Solutions International had a return on equity of 6.84% and a net margin of 5.79%. Analysts expect that Flexible Solutions International will post $0.33 earnings per share for the current year.

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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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