Flexible Solutions International, Inc. (NYSEMKT:FSI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.
According to Zacks, “Flexible Solutions International, Inc is an environmental technology company focusing on the research, development and manufacturing of products that save water and energy. The Company develops and manufactures products such as WaterSavr, Heatsavr and Ecosavr. The Company also offers thermal polyaspartate biopolymers (TPAs) for oil fields, agricultural industry, irrigation, detergents, personal care products and cosmetic products. Flexible Solutions International, Inc is based in Victoria, Canada. “
Separately, TheStreet lowered Flexible Solutions International from a “buy” rating to a “hold” rating in a research report on Friday, December 2nd.
Flexible Solutions International (NYSEMKT:FSI) traded down 2.23% during midday trading on Tuesday, hitting $1.30. 32,094 shares of the company traded hands. The stock has a 50 day moving average of $1.39 and a 200 day moving average of $1.71. Flexible Solutions International has a 12-month low of $0.75 and a 12-month high of $2.41. The stock has a market cap of $14.89 million, a P/E ratio of 8.72 and a beta of 0.99.
A hedge fund recently bought a new stake in Flexible Solutions International stock. Panagora Asset Management Inc. acquired a new position in Flexible Solutions International, Inc. (NYSEMKT:FSI) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 48,964 shares of the company’s stock, valued at approximately $109,000. Panagora Asset Management Inc. owned about 0.43% of Flexible Solutions International as of its most recent filing with the SEC.
Flexible Solutions International Company Profile
Flexible Solutions International, Inc develops, manufactures and markets specialty chemicals, which slow the evaporation of water. The Company operates through two segments: Energy and water conservation products (EWCP), and Biodegradable polymers (BCPAs). The Company’s Energy and water conservation products segment consists of liquid swimming pool blanket, which saves energy and water by inhibiting evaporation from the pool surface, and food-safe powdered form of the active ingredient within the liquid blanket, which is designed to be used in still or slow moving drinking water sources.
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