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

FLSmidth & Co. A/S (OTCMKTS:FLIDY)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $7.83 and traded as high as $8.1844. FLSmidth & Co. A/S shares last traded at $7.8376, with a volume of 362 shares traded.

Wall Street Analysts Forecast Growth

FLIDY has been the topic of several recent research reports. Barclays upgraded FLSmidth & Co. A/S from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. UBS Group upgraded FLSmidth & Co. A/S from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Finally, Zacks Research upgraded FLSmidth & Co. A/S to a “hold” rating in a research report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

FLSmidth & Co. A/S Stock Performance

The business has a 50-day moving average price of $7.83 and a 200-day moving average price of $7.93.

FLSmidth & Co. A/S (OTCMKTS:FLIDY) last announced its earnings results on Wednesday, May 13th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.12. The business had revenue of $513.62 million for the quarter, compared to analysts’ expectations of $566.52 million.

About FLSmidth & Co. A/S

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.