FLSmidth & Co. A/S (OTCMKTS:FLIDY) Stock Price Up 3.9% – Still a Buy?

FLSmidth & Co. A/S (OTCMKTS:FLIDY)’s stock price rose 3.9% during trading on Tuesday . The company traded as high as $7.7950 and last traded at $7.7950. Approximately 2,500 shares were traded during mid-day trading, an increase of 18% from the average daily volume of 2,120 shares. The stock had previously closed at $7.50.

Analysts Set New Price Targets

Separately, UBS Group upgraded FLSmidth & Co. A/S to a “hold” rating in a report on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

FLSmidth & Co. A/S Trading Up 3.9%

The firm’s 50-day moving average price is $7.36 and its 200-day moving average price is $6.75.

FLSmidth & Co. A/S (OTCMKTS:FLIDY) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.08 earnings per share for the quarter. The company had revenue of $540.79 million for the quarter.

About FLSmidth & Co. A/S

FLSmidth & Co A/S is a Denmark‐based engineering group founded in 1882 by Frederik Læssøe Smidth. The company specializes in the design, manufacture and installation of equipment and services for the global cement and mining industries. Headquartered in Copenhagen, FLSmidth has built a reputation for supplying end‐to‐end solutions that support both greenfield and brownfield projects worldwide.

FLSmidth’s core offerings include crushing, grinding, separation and pyro‐processing equipment, as well as material handling systems and pumps.