Flexible Solutions International (NYSEAMERICAN:FSI) Share Price Crosses Above 200-Day Moving Average of $0.00

Shares of Flexible Solutions International Inc. (NYSEAMERICAN:FSI) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.00 and traded as high as $3.45. Flexible Solutions International shares last traded at $3.31, with a volume of 7,061 shares traded.

A number of analysts have commented on FSI shares. Greenridge Global cut Flexible Solutions International from a “buy” rating to a “hold” rating and set a $4.00 price target for the company. in a research report on Tuesday, August 17th. Zacks Investment Research downgraded Flexible Solutions International from a “hold” rating to a “sell” rating in a report on Thursday, August 19th.

The company has a current ratio of 2.60, a quick ratio of 1.36 and a debt-to-equity ratio of 0.07. The stock has a market cap of $42.53 million, a PE ratio of 13.27 and a beta of 1.32.

Flexible Solutions International (NYSEAMERICAN:FSI) last issued its quarterly earnings data on Thursday, August 12th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The business had revenue of $8.54 million during the quarter, compared to analysts’ expectations of $8.62 million. Flexible Solutions International had a return on equity of 12.84% and a net margin of 10.20%. On average, research analysts forecast that Flexible Solutions International Inc. will post 0.37 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of FSI. Citadel Advisors LLC purchased a new position in shares of Flexible Solutions International during the 2nd quarter valued at approximately $50,000. Bridgeway Capital Management LLC boosted its holdings in Flexible Solutions International by 19.9% during the second quarter. Bridgeway Capital Management LLC now owns 99,907 shares of the basic materials company’s stock worth $391,000 after buying an additional 16,600 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Flexible Solutions International during the second quarter valued at $40,000. Vanguard Group Inc. increased its holdings in Flexible Solutions International by 74.1% in the second quarter. Vanguard Group Inc. now owns 151,258 shares of the basic materials company’s stock valued at $591,000 after buying an additional 64,401 shares in the last quarter. Finally, Regal Investment Advisors LLC acquired a new position in shares of Flexible Solutions International in the second quarter worth about $143,000. 10.27% of the stock is currently owned by institutional investors and hedge funds.

Flexible Solutions International Company Profile (NYSEAMERICAN:FSI)

Flexible Solutions International, Inc is an environmental technology company, which engages in the research, development, and manufacture of products that save water and energy. It operates through the following segments: Energy and Water Conservation Products; and Biodegradable Polymers. The 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.

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