Flexible Solutions International (NYSE:FSI) Stock Price Down 3.1% – What’s Next?

Flexible Solutions International, Inc. (NYSE:FSI) fell 3.1% on Thursday . The stock traded as low as $5.85 and last traded at $5.85. 80,399 shares changed hands during trading, an increase of 105% from the average session volume of 39,280 shares. The stock had previously closed at $6.04.

Analysts Set New Price Targets

A number of analysts have issued reports on FSI shares. Singular Research raised Flexible Solutions International from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, December 1st. Zacks Research cut Flexible Solutions International from a “hold” rating to a “strong sell” rating in a research report on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Flexible Solutions International currently has a consensus rating of “Moderate Buy”.

Flexible Solutions International Price Performance

The company has a market cap of $78.31 million, a P/E ratio of 18.70 and a beta of 1.56. The stock has a 50-day simple moving average of $6.91 and a 200 day simple moving average of $7.65. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.22 and a current ratio of 3.17.

Hedge Funds Weigh In On Flexible Solutions International

A number of hedge funds have recently made changes to their positions in FSI. Ritholtz Wealth Management acquired a new stake in shares of Flexible Solutions International during the 3rd quarter valued at about $109,000. Strait & Sound Wealth Management LLC bought a new position in Flexible Solutions International during the second quarter worth about $49,000. Vanguard Group Inc. lifted its stake in Flexible Solutions International by 2.8% during the third quarter. Vanguard Group Inc. now owns 284,869 shares of the company’s stock worth $2,746,000 after purchasing an additional 7,700 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Flexible Solutions International by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 80,481 shares of the company’s stock valued at $776,000 after purchasing an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 54.31% of the company’s stock.

About Flexible Solutions International

Flexible Solutions International (NYSE:FSI) is a specialty chemical company dedicated to the development, production and marketing of sustainable polymer-based and bio-based additives. The company’s product portfolio includes polymer modifiers, specialty resins and performance additives that enhance properties such as adhesion, viscosity, impact strength and environmental resistance. These solutions serve a variety of end markets, including coatings and adhesives, composites and plastics, oilfield and mining fluids, wastewater treatment and agricultural applications.

Headquartered in Urbana, Ohio, Flexible Solutions International operates an integrated manufacturing facility that supports customer-specific production and pilot-scale development.