Zacks Investment Research Downgrades Flexible Solutions International (NYSEAMERICAN:FSI) to Strong Sell

Zacks Investment Research cut shares of Flexible Solutions International (NYSEAMERICAN:FSI) from a hold rating to a strong sell rating in a research report report published on Wednesday morning, Zacks.com reports.

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. “

Shares of FSI stock opened at $2.36 on Wednesday. The firm has a market capitalization of $28.59 million and a PE ratio of 16.86. Flexible Solutions International has a twelve month low of $1.23 and a twelve month high of $4.74.

Flexible Solutions International (NYSEAMERICAN:FSI) last posted its quarterly earnings data on Wednesday, August 14th. The basic materials company reported $0.00 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.06). The business had revenue of $6.77 million for the quarter, compared to analysts’ expectations of $8.35 million.

A number of hedge funds and other institutional investors have recently bought and sold shares of FSI. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in shares of Flexible Solutions International during the second quarter worth $50,000. Jane Street Group LLC acquired a new stake in shares of Flexible Solutions International during the second quarter worth $52,000. BlackRock Inc. acquired a new stake in shares of Flexible Solutions International during the second quarter worth $96,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Flexible Solutions International by 55.6% during the second quarter. Renaissance Technologies LLC now owns 339,924 shares of the basic materials company’s stock worth $1,533,000 after purchasing an additional 121,424 shares during the period.

About Flexible Solutions International

Flexible Solutions International, Inc is an environmental technology company, which engages in the research, development, and manufacture of products that save water and energy. It operates through the Energy and Water Conservation Products; and Biodegradable Polymers business segments. The 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.

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