Flexible Solutions International (NYSE:FSI) Raised to “Hold” at Zacks Research

Flexible Solutions International (NYSE:FSI) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Separately, Singular Research raised shares of Flexible Solutions International from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Flexible Solutions International Stock Performance

Shares of FSI opened at $6.14 on Monday. Flexible Solutions International has a 52-week low of $3.46 and a 52-week high of $11.48. The stock’s 50-day simple moving average is $6.82 and its 200 day simple moving average is $7.67. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.22 and a current ratio of 3.17. The stock has a market capitalization of $77.93 million, a price-to-earnings ratio of 18.61 and a beta of 1.56.

Institutional Investors Weigh In On Flexible Solutions International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Strait & Sound Wealth Management LLC bought a new stake in Flexible Solutions International during the second quarter valued at approximately $49,000. Ritholtz Wealth Management purchased a new stake in shares of Flexible Solutions International during the 3rd quarter valued at $109,000. Dimensional Fund Advisors LP raised its position in shares of Flexible Solutions International by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 80,481 shares of the company’s stock valued at $776,000 after buying an additional 1,700 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Flexible Solutions International by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 284,869 shares of the company’s stock worth $2,746,000 after acquiring an additional 7,700 shares during the last quarter. 54.31% of the stock is owned by hedge funds and other institutional investors.

Flexible Solutions International Company Profile

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.