Zacks Investment Research upgraded shares of Flexible Solutions International (NYSEAMERICAN:FSI) from a hold rating to a buy rating in a research note published on Wednesday. The brokerage currently has $2.00 target price on the basic materials company’s stock.

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. “

Shares of Flexible Solutions International (NYSEAMERICAN FSI) opened at $1.85 on Wednesday. Flexible Solutions International has a 1-year low of $1.29 and a 1-year high of $2.58. The stock has a market cap of $21.32, a PE ratio of 5.97 and a beta of 0.11.

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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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