Flexible Solutions International (NYSEAMERICAN:FSI) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of Flexible Solutions International (NYSEAMERICAN:FSI) from a strong sell rating to a hold rating in a research note published on Tuesday, Zacks.com reports.
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 NYSEAMERICAN FSI opened at $2.60 on Tuesday. The company has a market cap of $30.41 million and a P/E ratio of 18.57. Flexible Solutions International has a 1 year low of $1.23 and a 1 year high of $4.74. The firm has a 50-day simple moving average of $2.63 and a two-hundred day simple moving average of $3.02.
Flexible Solutions International (NYSEAMERICAN:FSI) last announced its quarterly earnings data on Wednesday, August 14th. The basic materials company reported $0.00 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.06 by ($0.06). The business had revenue of $6.77 million for the quarter, compared to analyst estimates of $8.35 million.
In other news, insider (Manny) Pohl Emmanuel acquired 50,000 shares of the firm's stock in a transaction on Wednesday, October 9th. The stock was acquired at an average price of $1.85 per share, with a total value of $92,350.00.
Institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in shares of Flexible Solutions International by 55.6% during the second quarter. Renaissance Technologies LLC now owns 339,924 shares of the basic materials company's stock valued at $1,533,000 after acquiring an additional 121,424 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Flexible Solutions International during the second quarter valued at approximately $52,000. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in shares of Flexible Solutions International during the second quarter valued at approximately $50,000. Finally, BlackRock Inc. bought a new stake in shares of Flexible Solutions International during the second quarter valued at approximately $96,000.Flexible Solutions International Company Profile
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 Energy and Water Conservation Products; and Biodegradable Polymers business segments. 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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