Flexible Solutions International, Inc. (NYSEMKT:FSI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.
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. “
Other equities research analysts also recently issued reports about the company. TheStreet raised Flexible Solutions International from a “c+” rating to a “b-” rating in a research note on Tuesday, May 2nd. Greenridge Global reaffirmed a “hold” rating and set a $1.50 price target on shares of Flexible Solutions International in a research note on Thursday, April 6th.
Shares of Flexible Solutions International (FSI) traded up 3.28% during mid-day trading on Friday, hitting $1.94. The stock had a trading volume of 49,617 shares. The firm has a market cap of $22.23 million, a price-to-earnings ratio of 5.16 and a beta of 0.99. Flexible Solutions International has a one year low of $1.20 and a one year high of $2.58. The company has a 50-day moving average of $1.94 and a 200 day moving average of $1.68.
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An institutional investor recently raised its position in Flexible Solutions International stock. Renaissance Technologies LLC increased its position in shares of Flexible Solutions International, Inc. (NYSEMKT:FSI) by 35.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 337,700 shares of the basic materials company’s stock after buying an additional 88,500 shares during the period. Renaissance Technologies LLC owned approximately 2.95% of Flexible Solutions International worth $449,000 at the end of the most recent quarter.
Flexible Solutions International Company Profile
Flexible Solutions International, Inc develops, manufactures and markets specialty chemicals, which slow the evaporation of water. The Company operates through two segments: Energy and water conservation products (EWCP), and Biodegradable polymers (BCPAs). The Company’s Energy and water conservation products segment consists of liquid swimming pool blanket, which saves energy and water by inhibiting evaporation from the pool surface, and food-safe powdered form of the active ingredient within the liquid blanket, which is designed to be used in still or slow moving drinking water sources.
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