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

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

Flexible Solutions International Trading Up 15.3 %

FSI traded up $0.21 during trading hours on Friday, reaching $1.58. The company’s stock had a trading volume of 41,026 shares, compared to its average volume of 18,993. Flexible Solutions International has a fifty-two week low of $1.36 and a fifty-two week high of $3.70. The stock has a market cap of $19.66 million, a PE ratio of 5.03 and a beta of 1.77. The business’s 50-day moving average is $2.30 and its 200-day moving average is $2.62. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.14 and a quick ratio of 2.07.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. acquired a new position in Flexible Solutions International during the fourth quarter worth $38,000. Susquehanna International Group LLP acquired a new position in Flexible Solutions International during the fourth quarter worth $64,000. Citadel Advisors LLC acquired a new position in Flexible Solutions International during the second quarter worth $67,000. Dimensional Fund Advisors LP lifted its stake in Flexible Solutions International by 22.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 60,122 shares of the company’s stock worth $186,000 after purchasing an additional 11,006 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in 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. 44.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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