Flexible Solutions International (NYSE:FSI) Trading Down 0.6% – Here’s Why
by Amy Steele · The Cerbat GemFlexible Solutions International, Inc. (NYSE:FSI – Get Free Report) dropped 0.6% during mid-day trading on Wednesday . The stock traded as low as $7.10 and last traded at $7.11. Approximately 16,807 shares changed hands during trading, a decline of 88% from the average daily volume of 134,944 shares. The stock had previously closed at $7.15.
Wall Street Analysts Forecast Growth
FSI has been the topic of several analyst reports. Singular Research upgraded shares of Flexible Solutions International from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, December 1st. Zacks Research cut Flexible Solutions International from a “hold” rating to a “strong sell” rating in a report on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on FSI
Flexible Solutions International Trading Down 0.6%
The stock’s 50-day simple moving average is $7.66 and its two-hundred day simple moving average is $7.39. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.17 and a quick ratio of 2.22. The firm has a market capitalization of $90.24 million, a P/E ratio of 21.55 and a beta of 1.54.
Hedge Funds Weigh In On Flexible Solutions International
Hedge funds have recently made changes to their positions in the business. Strait & Sound Wealth Management LLC purchased a new stake in shares of Flexible Solutions International during the second quarter worth about $49,000. Ritholtz Wealth Management bought a new position in Flexible Solutions International in the 3rd quarter worth approximately $109,000. Dimensional Fund Advisors LP grew its holdings in 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. raised its position in shares of Flexible Solutions International by 2.8% during the third quarter. Vanguard Group Inc. now owns 284,869 shares of the company’s stock valued at $2,746,000 after buying an additional 7,700 shares during the last quarter. Institutional investors 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.