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

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 $7.59 and traded as high as $9.00. FLSmidth & Co. A/S shares last traded at $9.00, with a volume of 475 shares traded.

Wall Street Analyst Weigh In

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

FLSmidth & Co. A/S Trading Down 2.2%

The business’s 50 day moving average is $7.59 and its 200 day moving average is $6.92.

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