Zacks Investment Research Lowers Flexible Solutions International, Inc. (FSI) to Sell

Flexible Solutions International, Inc. (NYSEMKT:FSI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, October 3rd.

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. “

A number of other research analysts also recently issued reports on FSI. TheStreet downgraded shares of Flexible Solutions International from a “b-” rating to a “c+” rating in a research report on Thursday, June 8th. Greenridge Global lowered shares of Flexible Solutions International from a “hold” rating to a “sell” rating and lowered their price objective for the company from $1.75 to $1.50 in a research note on Monday, August 21st.

Shares of Flexible Solutions International (NYSEMKT FSI) traded up 1.12% during midday trading on Tuesday, reaching $1.80. 9,556 shares of the company’s stock traded hands. Flexible Solutions International has a 52-week low of $1.20 and a 52-week high of $2.58. The stock has a 50-day moving average price of $1.74 and a 200-day moving average price of $1.83. The stock has a market cap of $20.69 million, a P/E ratio of 5.14 and a beta of 0.99.

Flexible Solutions International (NYSEMKT:FSI) last issued its quarterly earnings results on Monday, August 14th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. The firm had revenue of $4.72 million for the quarter, compared to the consensus estimate of $4.27 million. Flexible Solutions International had a net margin of 5.79% and a return on equity of 6.84%. Analysts forecast that Flexible Solutions International will post $0.33 earnings per share for the current year.

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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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