FLSmidth & Co. A/S (OTCMKTS:FLIDY) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Shares of FLSmidth & Co. A/S (OTCMKTS:FLIDY) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-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.

Analysts Set New Price Targets

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 analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

FLSmidth & Co. A/S Trading Up 5.6%

The business has a fifty day moving average price of $8.08 and a two-hundred day moving average price of $7.98.

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