Flexible Solutions International, Inc. (NYSEMKT:FSI) posted its earnings results on Friday. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The firm earned $4.08 million during the quarter, compared to analysts’ expectations of $3.82 million.
Flexible Solutions International (NYSEMKT:FSI) traded down 2.97% during trading on Friday, hitting $1.96. 73,629 shares of the company traded hands. The stock has a market capitalization of $22.46 million, a PE ratio of 12.56 and a beta of 0.99. The company’s 50 day moving average is $1.61 and its 200-day moving average is $1.58. Flexible Solutions International has a 52 week low of $1.12 and a 52 week high of $2.41.
Several research firms have recently weighed in on FSI. Greenridge Global restated a “hold” rating and set a $1.50 price objective on shares of Flexible Solutions International in a research report on Thursday, April 6th. Zacks Investment Research upgraded shares of Flexible Solutions International from a “hold” rating to a “buy” rating and set a $1.75 price objective on the stock in a research report on Thursday, April 6th.
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.
