Flexible Solutions International (NYSE:FSI) Stock Price Down 3.5% - What's Next?

Key Points

• The stock price of Flexible Solutions International (NYSE: FSI) has decreased by 3.5%, trading as low as $9.13 before last settling at $9.65.
• Despite the decline, several analysts have upgraded the stock to a "strong-buy" rating, indicating positive sentiment with an average rating of "Strong Buy" from two investment analysts.
• The company has a market cap of $122.14 million and a low debt-to-equity ratio of 0.17, demonstrating financial stability.

Flexible Solutions International, Inc. (NYSE:FSI - Get Free Report) traded down 3.5% during mid-day trading on Thursday . The stock traded as low as $9.13 and last traded at $9.65. 122,703 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 162,562 shares. The stock had previously closed at $10.00.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Singular Research upgraded shares of Flexible Solutions International to a "strong-buy" rating in a research note on Monday, September 8th. Zacks Research upgraded shares of Flexible Solutions International from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 22nd. Two investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Strong Buy".

Flexible Solutions International Stock Down 3.5%

The firm has a market cap of $122.14 million, a price-to-earnings ratio of 29.24 and a beta of 1.28. The firm's 50 day moving average price is $8.39 and its two-hundred day moving average price is $5.88. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.17 and a quick ratio of 2.22.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Strait & Sound Wealth Management LLC purchased a new position in Flexible Solutions International during the second quarter worth about $49,000. Citadel Advisors LLC raised its holdings in Flexible Solutions International by 12.6% during the fourth quarter. Citadel Advisors LLC now owns 23,213 shares of the company's stock worth $84,000 after purchasing an additional 2,590 shares in the last quarter. Essex Investment Management Co. LLC purchased a new position in Flexible Solutions International during the first quarter worth about $134,000. Finally, Evernest Financial Advisors LLC purchased a new position in Flexible Solutions International during the first quarter worth about $310,000. 54.31% of the stock is owned by hedge funds and other 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.

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