FLSmidth & Co. A/S (OTCMKTS:FLIDY) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

FLSmidth & Co. A/S (OTCMKTS:FLIDY)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $7.42 and traded as high as $8.45. FLSmidth & Co. A/S shares last traded at $8.45, with a volume of 1,331 shares changing hands.

Wall Street Analyst Weigh In

Separately, UBS Group raised FLSmidth & Co. A/S to a “hold” rating in a research report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

FLSmidth & Co. A/S Stock Performance

The business’s fifty day moving average price is $7.42 and its two-hundred day moving average price is $6.81.

FLSmidth & Co. A/S (OTCMKTS:FLIDY) last posted its earnings results on Wednesday, November 12th. The company reported $0.08 EPS for the quarter. The business had revenue of $540.79 million for the quarter.

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.