Flexible Solutions International (NYSE:FSI) Issues Quarterly Earnings Results

Flexible Solutions International (NYSE:FSI) announced its quarterly earnings results on Wednesday. The company reported $0.06 earnings per share (EPS) for the quarter, RTT News reports. Flexible Solutions International had a net margin of 10.80% and a return on equity of 10.61%. During the same quarter in the prior year, the company posted $0.24 earnings per share.

Flexible Solutions International Trading Up 1.1%

Shares of NYSE FSI opened at $5.29 on Thursday. Flexible Solutions International has a 1-year low of $3.53 and a 1-year high of $11.48. The company has a market cap of $67.38 million, a PE ratio of 16.03 and a beta of 1.59. The company has a current ratio of 3.17, a quick ratio of 2.22 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average of $5.46 and a two-hundred day moving average of $6.77.

Insider Buying and Selling at Flexible Solutions International

In related news, CEO Brien Daniel B. O sold 56,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $5.90, for a total transaction of $330,400.00. Following the completion of the sale, the chief executive officer directly owned 4,664,156 shares of the company’s stock, valued at $27,518,520.40. The trade was a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have sold 118,003 shares of company stock valued at $693,198 over the last ninety days. Insiders own 35.80% of the company’s stock.

Institutional Investors Weigh In On Flexible Solutions International

A number of institutional investors and hedge funds have recently modified their holdings of FSI. Vanguard Group Inc. raised its stake in shares of Flexible Solutions International by 2.8% during the third quarter. Vanguard Group Inc. now owns 284,869 shares of the company’s stock worth $2,746,000 after buying an additional 7,700 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Flexible Solutions International by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 80,481 shares of the company’s stock worth $776,000 after buying an additional 1,700 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Flexible Solutions International by 179.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 59,524 shares of the company’s stock worth $400,000 after buying an additional 38,213 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Flexible Solutions International by 14.8% during the fourth quarter. Marshall Wace LLP now owns 59,696 shares of the company’s stock worth $401,000 after buying an additional 7,679 shares during the last quarter. Finally, Rothschild Wealth LLC bought a new stake in shares of Flexible Solutions International during the fourth quarter worth approximately $728,000. 54.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Flexible Solutions International from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Flexible Solutions International Company Profile

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.