StockNews.com Initiates Coverage on Flexible Solutions International with a Hold Rating

StockNews.com has recently begun coverage of Flexible Solutions International FSI, a company noted for its development, production, and market presence in specialty chemicals aimed at conserving energy and water. The analytical service has initiated its perspective with a 'hold' rating, suggesting a neutral stance on the stock's investment prospects at this time.

Market Performance of FSI Shares

The FSI stock launched at a price point of $1.88 last Friday. It boasts a fifty-day moving average of $2.38 and a more extended two-hundred-day average of $2.66. With a debt-to-equity ratio standing at 0.20 and liquidity measures such as a current ratio of 3.47 and a quick ratio of 2.07, the company reflects a stable financial state. Currently, Flexible Solutions International's market cap sits at approximately $23.39 million and it carries a price-to-earnings ratio of 4.18, alongside a beta of 1.77. The stock has seen a yearly low of $1.82 and reached a peak of $3.70.

On the earnings front, FSI disclosed a quarterly EPS of $0.07 on August 14th, which was slightly below the projected $0.09 consensus, resulting in a $0.02 miss. Despite this, the company has maintained a healthy net margin of 12.52% and a noteworthy return on equity of 15.71%, with the last quarter's revenue reaching $10.33 million against the forecast $13.00 million. The anticipated EPS for the current fiscal year is fixed at $0.35.

Insights into Institutional Engagement

Institutional investments have seen dynamic shifts in their engagements with FSI. Several notable transactions include Advisor Group Holdings Inc. establishing a new position at $38,000, Susquehanna International Group LLP starting a new investment at $64,000, and Citadel Advisors LLC entering at $67,000. In addition, Dimensional Fund Advisors LP intensified its hold by 22.4% now owning 60,122 shares valued at $186,000 after acquiring an additional 11,006 shares last quarter. Vanguard Group Inc. significantly increased its stake by 81.7% in the third quarter, owning 274,858 shares worth $454,000 after acquiring an additional 123,600 shares. Collective institutional ownership represents 44.90% of the company's stock.

About Flexible Solutions International

FSI operates primarily through its two segments: Energy and Water Conservation Products, and Biodegradable Polymers. The company works internationally, including in Canada and the United States, to develop products that reduce the rate of water evaporation, indicating its commitment to innovative solutions in the field of conservation.

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