Flexible Solutions International (NYSE:FSI) Issues Earnings Results

Flexible Solutions International (NYSE:FSI) issued its earnings results on Tuesday. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.15), reports. Flexible Solutions International had a net margin of 8.99% and a return on equity of 10.21%. The company had revenue of $8.72 million during the quarter, compared to analysts’ expectations of $11.93 million.

Flexible Solutions International Price Performance

Flexible Solutions International stock traded up $0.21 during mid-day trading on Friday, reaching $1.58. The company had a trading volume of 41,026 shares, compared to its average volume of 18,993. Flexible Solutions International has a 1 year low of $1.36 and a 1 year high of $3.70. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.14 and a quick ratio of 2.07. The company has a market capitalization of $19.66 million, a P/E ratio of 5.03 and a beta of 1.77. The stock’s 50-day simple moving average is $2.30 and its 200-day simple moving average is $2.62.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. purchased a new position in shares of Flexible Solutions International during the 4th quarter worth approximately $38,000. Susquehanna International Group LLP purchased a new position in shares of Flexible Solutions International during the 4th quarter worth approximately $64,000. Citadel Advisors LLC purchased a new position in shares of Flexible Solutions International during the 2nd quarter worth approximately $67,000. Dimensional Fund Advisors LP increased its stake in shares of Flexible Solutions International by 22.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 60,122 shares of the company’s stock worth $186,000 after purchasing an additional 11,006 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Flexible Solutions International by 81.7% during the 3rd quarter. Vanguard Group Inc. now owns 274,858 shares of the company’s stock worth $454,000 after purchasing an additional 123,600 shares in the last quarter. 44.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Flexible Solutions International in a report on Sunday, November 12th. They issued a “hold” rating for the company.

Flexible Solutions International Company Profile

Flexible Solutions International, Inc, together with its subsidiaries, develops, manufactures, and markets specialty chemicals that slow the evaporation of water in Canada, the United States, and internationally. The company operates in two segments, Energy and Water Conservation Products, and Biodegradable Polymers.