Flexible Solutions International, Inc. (NYSE:FSI)
April 16th, 2019
Amidst rising markets Flexible Solutions International, Inc. closed Tuesday up 7.06%, a $0.18 increase to close on $2.73. Furthermore it hit a new 52 week high of $2.74. The stock continues to trade well at 121.95% of its 52 week low of $1.23. In addition to finishing higher, trading volumes were solid at 333.00% of normal which can indicate investors see opportunities. Be aware that the Piotroski Score1 is calculated to be 1, which is very low as the scale goes from 0-9. This is considered to be a weak score in terms of financial strength.
FSI outperformed the rest of the Materials sector which went up 0.47% today.
Expectations from 1 analyst indicates that Flexible Solutions International, Inc. might fall somewhat (-1.96%), while Finbox has calculated (with medium uncertainty) a fair value price of $3.02.
The market sectors were mixed Tuesday with a majority of the sectors trending up. Financials saw the biggest increase of the day (1.37%), while Real Estate saw the biggest drop (-2.38%). Information Technology has seen the biggest year-to-date gain at 23.78%.
Energy saw the biggest turnaround from its 5-day performance of -1.22%, as it went up 0.64%. Real Estate and Utilities saw turn arounds from their five day positive performance, Real Estate with a drop of -2.38%.
- Financials went up with a 1.37% change.
- Energy went up with a 0.64% change.
- Industrials went up with a 0.59% change.
- Information Technology went up with a 0.49% change.
- Consumer Discretionary went up with a 0.48% change.
- Materials went up with a 0.47% change.
- Communication Services went up with a 0.21% change.
- Consumer Staples went down with a -0.06% change.
- Utilities went down with a -1.39% change.
- Healthcare went down with a -2.03% change.
- Real Estate went down with a -2.38% change.
Flexible Solutions International, Inc. Info
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. It also offers thermal polyaspartate biopolymers (TPAs) for oil well to reduce scale and corrosion in various water systems; and for the agricultural industry to reduce fertilizer crystallization before, during, and after application, as well as to prevent crystal formation between fertilizer and minerals present in the soil. In addition, the company provides TPAs for irrigation to prevent early plugging of drip irrigation ports, reduce maintenance costs, and lengthen the life of equipment; for detergents as a biodegradable substitute for poly-acrylic acid; and for use in personal care products, such as shampoo and cosmetic products. Further, it offers nitrogen conservation products for the agriculture industry. Flexible Solutions International Inc. was founded in 1991 and is based in Taber, Canada.
All amounts in USD unless otherwise indicated
(1) The Piotrosky score is used to determine the best value stocks with nine being the best and zero being the worst. It is based on specific aspects of the company’s financial statements, such as positive net income, operating cash flow and asset turnover ratio. A score 0 0 is the worst (Flexible Solutions International, Inc.’s score is 1), and 9 is the best.
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