FLSmidth & Co. A/S (OTCMKTS:FLIDY) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of 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 $8.30 and traded as high as $9.21. FLSmidth & Co. A/S shares last traded at $9.21, with a volume of 1,700 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Dnb Carnegie upgraded FLSmidth & Co. A/S from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 14th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

FLSmidth & Co. A/S Price Performance

The business has a 50 day moving average price of $8.33 and a 200 day moving average price of $7.96.

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

FLSmidth & Co. A/S Company Profile

FLSmidth & Co A/S is a Denmark-based engineering and technology company that develops equipment, systems and services for the mining and cement industries. Its offerings span the production process from raw-material handling and crushing to grinding, separation, pyroprocessing, material transport and waste management.

For mining customers, FLSmidth provides mineral-processing solutions, plant equipment, automation and digital technologies designed to improve productivity, resource efficiency and environmental performance.