Flexible Solutions International (NYSE:FSI) Trading Down 0.2% - Should You Sell?

Flexible Solutions International, Inc. (NYSE:FSI - Get Free Report) shares dropped 0.2% on Tuesday . The company traded as low as $4.30 and last traded at $4.31. Approximately 15,780 shares were traded during trading, a decline of 87% from the average daily volume of 120,823 shares. The stock had previously closed at $4.32.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen assumed coverage on shares of Flexible Solutions International in a report on Tuesday, February 18th. They issued a "hold" rating for the company.

Flexible Solutions International Trading Down 1.4%

The firm has a market capitalization of $53.88 million, a P/E ratio of 12.91 and a beta of 1.28. The company has a current ratio of 3.17, a quick ratio of 2.22 and a debt-to-equity ratio of 0.17. The company's fifty day moving average is $4.06 and its 200-day moving average is $4.66.

Flexible Solutions International Increases Dividend

The business also recently announced a special dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, May 19th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, May 19th. This is a positive change from Flexible Solutions International's previous special dividend of $0.05. Flexible Solutions International's payout ratio is 83.33%.

Institutional Trading of Flexible Solutions International

A number of hedge funds have recently bought and sold shares of FSI. Citadel Advisors LLC lifted its position in shares of Flexible Solutions International by 12.6% in the 4th quarter. Citadel Advisors LLC now owns 23,213 shares of the company's stock worth $84,000 after acquiring an additional 2,590 shares during the period. Essex Investment Management Co. LLC acquired a new position in shares of Flexible Solutions International in the 1st quarter worth approximately $134,000. Dimensional Fund Advisors LP boosted its stake in Flexible Solutions International by 26.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 52,499 shares of the company's stock valued at $190,000 after buying an additional 11,017 shares in the last quarter. Evernest Financial Advisors LLC bought a new stake in Flexible Solutions International in the first quarter valued at $310,000. Finally, Renaissance Technologies LLC increased its position in shares of Flexible Solutions International by 5.4% during the 4th quarter. Renaissance Technologies LLC now owns 389,445 shares of the company's stock worth $1,406,000 after purchasing an additional 20,000 shares in the last quarter. 54.31% of the stock is owned by institutional investors.

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.