Zacks Investment Research Upgrades Flexible Solutions International (NYSEAMERICAN:FSI) to “Hold”

Flexible Solutions International (NYSEAMERICAN:FSI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday, September 20th.

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. “

NYSEAMERICAN FSI remained flat at $$1.46 on Thursday. The company’s stock had a trading volume of 20 shares, compared to its average volume of 20,496. Flexible Solutions International has a 52 week low of $1.33 and a 52 week high of $2.10.

Flexible Solutions International (NYSEAMERICAN:FSI) last released its quarterly earnings results on Tuesday, August 14th. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.19). The firm had revenue of $4.14 million during the quarter, compared to analyst estimates of $4.21 million. Flexible Solutions International had a negative return on equity of 6.85% and a negative net margin of 8.53%.

About Flexible Solutions International

Flexible Solutions International Inc, together with its subsidiaries, develops, manufactures, and markets specialty chemicals that slow the evaporation of water. The company operates in two segments, Energy and Water Conservation Products; and Biodegradable Polymers. Its products include HEATSAVR, a chemical product for use in swimming pools and spas that forms a thin and transparent layer on the water's surface; and WATERSAVR to reduce water evaporation in reservoirs, potable water storage tanks, livestock watering ponds, aqueducts, canals, and irrigation ditches, as well as for lawn and turf care, and potted and bedding plants.

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