Zacks Investment Research lowered shares of Flexible Solutions International (NYSEAMERICAN:FSI) from a hold rating to a sell rating in a report published on Wednesday morning, Zacks.com reports.

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, Greenridge Global reissued a hold rating on shares of Flexible Solutions International in a report on Thursday, April 1st.

NYSEAMERICAN FSI opened at $3.63 on Wednesday. The stock’s 50 day simple moving average is $2.43. Flexible Solutions International has a one year low of $1.15 and a one year high of $5.65. The company has a market cap of $44.43 million, a price-to-earnings ratio of 12.96 and a beta of 1.52. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.85 and a current ratio of 2.89.

Several large investors have recently made changes to their positions in the stock. Virtu Financial LLC bought a new stake in Flexible Solutions International during the 4th quarter worth approximately $35,000. Essex Investment Management Co. LLC bought a new stake in Flexible Solutions International during the 4th quarter worth approximately $301,000. Regal Investment Advisors LLC bought a new stake in Flexible Solutions International during the 4th quarter worth approximately $28,000. Finally, Renaissance Technologies LLC increased its stake in Flexible Solutions International by 19.5% during the 4th quarter. Renaissance Technologies LLC now owns 555,245 shares of the basic materials company’s stock worth $1,383,000 after purchasing an additional 90,499 shares in the last quarter. Institutional investors and hedge funds own 7.19% of the company’s stock.

About Flexible Solutions International

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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