Zacks Investment Research Downgrades Flexible Solutions International (FSI) to Hold
Zacks Investment Research lowered shares of Flexible Solutions International (NYSEAMERICAN:FSI) from a buy rating to a hold rating in a report issued on Tuesday morning.
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. “
Flexible Solutions International (NYSEAMERICAN FSI) traded up $0.04 during mid-day trading on Tuesday, hitting $1.87. 210,900 shares of the stock were exchanged, compared to its average volume of 30,090. Flexible Solutions International has a 52 week low of $1.29 and a 52 week high of $2.58. The firm has a market cap of $21.10, a P/E ratio of 6.03 and a beta of 0.11.
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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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