Flexible Solutions International (NYSE:FSI) Shares Up 1% – Still a Buy?

Shares of Flexible Solutions International, Inc. (NYSE:FSI) were up 1% on Thursday . The stock traded as high as $5.08 and last traded at $5.00. 9,023 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 25,234 shares. The stock had previously closed at $4.95.

Analysts Set New Price Targets

Separately, Zacks Research raised Flexible Solutions International from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Flexible Solutions International has an average rating of “Buy”.

Flexible Solutions International Stock Up 0.8%

The stock’s 50 day simple moving average is $5.81 and its two-hundred day simple moving average is $5.84. The firm has a market cap of $64.24 million, a P/E ratio of 15.27 and a beta of 1.66. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.17 and a quick ratio of 2.22.

Institutional Investors Weigh In On Flexible Solutions International

Hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new stake in shares of Flexible Solutions International in the fourth quarter worth $78,000. Strait & Sound Wealth Management LLC raised its position in shares of Flexible Solutions International by 21.3% in the 1st quarter. Strait & Sound Wealth Management LLC now owns 14,228 shares of the company’s stock worth $77,000 after purchasing an additional 2,500 shares during the last quarter. Quantinno Capital Management LP bought a new position in Flexible Solutions International in the 1st quarter worth about $136,000. Regal Investment Advisors LLC grew its position in Flexible Solutions International by 22.8% during the 4th quarter. Regal Investment Advisors LLC now owns 34,960 shares of the company’s stock valued at $235,000 after purchasing an additional 6,500 shares during the last quarter. Finally, Ritholtz Wealth Management increased its stake in Flexible Solutions International by 270.3% during the 4th quarter. Ritholtz Wealth Management now owns 41,882 shares of the company’s stock valued at $282,000 after purchasing an additional 30,573 shares in the last quarter. 54.31% of the stock is owned by institutional investors.

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.