Flexible Solutions International (NYSE:FSI) Stock Price Up 0.6% - Here's Why

Key Points

• Stock ticked up 0.6% to $5.41 on Friday, but trading volume was light at about 8,307 shares — down roughly 71% versus the average daily volume of 29,122.
• Zacks upgraded FSI from "strong sell" to "hold" on Jan. 19; the stock has one Strong Buy and one Hold rating, giving an average rating of "Buy."
• Insider selling continued as CEO Brien Daniel B. O sold 12,500 shares at $5.88 on Feb. 3 and insiders have sold 118,003 shares in the past 90 days, though insiders still own 35.8% and institutions hold 54.31% of the company.

Flexible Solutions International, Inc. (NYSE:FSI - Get Free Report)'s stock price rose 0.6% during trading on Friday . The company traded as high as $5.41 and last traded at $5.41. Approximately 8,307 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 29,122 shares. The stock had previously closed at $5.38.

Analyst Ratings Changes

Separately, Zacks Research upgraded Flexible Solutions International from a "strong sell" rating to a "hold" rating in a research note on Monday, January 19th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy".

Flexible Solutions International Stock Performance

The stock has a market capitalization of $68.91 million, a P/E ratio of 16.39 and a beta of 1.59. The company's 50-day moving average is $5.50 and its two-hundred day moving average is $6.88. The company has a current ratio of 3.17, a quick ratio of 2.22 and a debt-to-equity ratio of 0.17.

Insiders Place Their Bets

In related news, CEO Brien Daniel B. O sold 12,500 shares of Flexible Solutions International stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $5.88, for a total value of $73,500.00. Following the sale, the chief executive officer directly owned 4,599,153 shares in the company, valued at $27,043,019.64. This trade represents a 0.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 118,003 shares of company stock valued at $693,198. Company insiders own 35.80% of the company's stock.

Hedge Funds Weigh In On Flexible Solutions International

Several large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in Flexible Solutions International by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 80,481 shares of the company's stock valued at $776,000 after buying an additional 1,700 shares during the period. Regal Investment Advisors LLC increased its stake in Flexible Solutions International by 22.8% during the 4th quarter. Regal Investment Advisors LLC now owns 34,960 shares of the company's stock valued at $235,000 after buying an additional 6,500 shares during the period. Marshall Wace LLP increased its stake in Flexible Solutions International by 14.8% during the 4th quarter. Marshall Wace LLP now owns 59,696 shares of the company's stock valued at $401,000 after buying an additional 7,679 shares during the period. Vanguard Group Inc. increased its stake in Flexible Solutions International by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 284,869 shares of the company's stock valued at $2,746,000 after buying an additional 7,700 shares during the period. Finally, Ritholtz Wealth Management acquired a new position in Flexible Solutions International during the 3rd quarter valued at about $109,000. Institutional investors and hedge funds own 54.31% of the company's stock.

About Flexible Solutions International

Flexible Solutions International NYSE: FSI is a specialty chemical company dedicated to the development, production and marketing of sustainable polymer-based and bio-based additives. The company's product portfolio includes polymer modifiers, specialty resins and performance additives that enhance properties such as adhesion, viscosity, impact strength and environmental resistance. These solutions serve a variety of end markets, including coatings and adhesives, composites and plastics, oilfield and mining fluids, wastewater treatment and agricultural applications.

Headquartered in Urbana, Ohio, Flexible Solutions International operates an integrated manufacturing facility that supports customer-specific production and pilot-scale development.

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