FLSmidth & Co. A/S (OTCMKTS:FLIDY) Share Price Passes Above 50 Day Moving Average – What’s Next?

FLSmidth & Co. A/S (OTCMKTS:FLIDY) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $8.08 and traded as high as $9.20. FLSmidth & Co. A/S shares last traded at $9.20, with a volume of 793 shares changing hands.

Analyst Upgrades and Downgrades

Separately, UBS Group upgraded shares of FLSmidth & Co. A/S from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

FLSmidth & Co. A/S Stock Down 2.3%

The business has a 50 day moving average of $8.17 and a two-hundred day moving average of $7.99.

FLSmidth & Co. A/S (OTCMKTS:FLIDY) last released its quarterly earnings data on Wednesday, August 19th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. The company had revenue of $613.53 million for the quarter, compared to the consensus estimate of $542.44 million.

FLSmidth & Co. A/S Company Profile

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.