Flexible Solutions International, Inc. (NYSE:FSI - Get Free Report)'s stock price shot up 7.9% during mid-day trading on Wednesday . The stock traded as high as $5.43 and last traded at $5.30. 32,869 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 119,998 shares. The stock had previously closed at $4.91.
Flexible Solutions International Trading Up 7.9%
The stock has a market cap of $67.03 million, a P/E ratio of 16.06 and a beta of 1.28. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.17 and a quick ratio of 2.22. The business's 50 day simple moving average is $4.30 and its 200 day simple moving average is $4.72.
Flexible Solutions International Increases Dividend
The business also recently declared a special dividend, which was paid on Wednesday, May 28th. Shareholders of record on Monday, May 19th were given a $0.10 dividend. This is a boost from Flexible Solutions International's previous special dividend of $0.05. The ex-dividend date was Monday, May 19th. Flexible Solutions International's dividend payout ratio is 83.33%.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Evernest Financial Advisors LLC acquired a new stake in shares of Flexible Solutions International during the 1st quarter worth about $310,000. Essex Investment Management Co. LLC acquired a new position in Flexible Solutions International in the first quarter valued at about $134,000. Renaissance Technologies LLC grew its stake in Flexible Solutions International by 5.4% during the fourth quarter. Renaissance Technologies LLC now owns 389,445 shares of the company's stock worth $1,406,000 after buying an additional 20,000 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Flexible Solutions International by 26.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 52,499 shares of the company's stock worth $190,000 after buying an additional 11,017 shares during the last quarter. Finally, Citadel Advisors LLC increased its holdings in shares of 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 buying an additional 2,590 shares in the last quarter. 54.31% of the stock is currently owned by institutional investors and hedge funds.
About Flexible Solutions International
(
Get Free Report)
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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