Flexible Solutions International (NYSE:FSI) Issues Earnings Results, Misses Estimates By $0.15 EPS

Flexible Solutions International (NYSE:FSI) announced its quarterly earnings results on Tuesday. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.15), reports. The business had revenue of $8.72 million during the quarter, compared to analyst estimates of $11.93 million. Flexible Solutions International had a net margin of 8.99% and a return on equity of 10.21%.

Flexible Solutions International Stock Up 15.3 %

Shares of NYSE FSI traded up $0.21 during midday trading on Friday, hitting $1.58. The company’s stock had a trading volume of 41,026 shares, compared to its average volume of 19,001. Flexible Solutions International has a 1 year low of $1.36 and a 1 year high of $3.70. The business’s fifty day simple moving average is $2.30 and its two-hundred day simple moving average is $2.62. The firm has a market capitalization of $19.66 million, a price-to-earnings ratio of 5.03 and a beta of 1.77. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.14 and a quick ratio of 2.07.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Flexible Solutions International in a research report on Sunday, November 12th. They issued a “hold” rating on the stock.

Institutional Investors Weigh In On Flexible Solutions International

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Flexible Solutions International by 81.7% during the third quarter. Vanguard Group Inc. now owns 274,858 shares of the company’s stock worth $454,000 after purchasing an additional 123,600 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Flexible Solutions International during the 2nd quarter worth about $67,000. Susquehanna International Group LLP acquired a new position in shares of Flexible Solutions International during the 4th quarter worth about $64,000. Advisor Group Holdings Inc. purchased a new position in shares of Flexible Solutions International in the 4th quarter valued at about $38,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Flexible Solutions International by 22.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 60,122 shares of the company’s stock worth $186,000 after acquiring an additional 11,006 shares in the last quarter. Institutional investors and hedge funds own 44.90% of the company’s stock.

About Flexible Solutions International

Flexible Solutions International, Inc, together with its subsidiaries, develops, manufactures, and markets specialty chemicals that slow the evaporation of water in Canada, the United States, and internationally. The company operates in two segments, Energy and Water Conservation Products, and Biodegradable Polymers.