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

FLSmidth & Co. A/S (OTCMKTS:FLIDY)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 changing hands.

Wall Street Analyst Weigh In

Several research firms have weighed in on FLIDY. UBS Group upgraded FLSmidth & Co. A/S from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Zacks Research raised shares of FLSmidth & Co. A/S to a “hold” rating in a report on Friday, April 17th. Finally, Barclays raised shares of FLSmidth & Co. A/S from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

FLSmidth & Co. A/S Price Performance

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

FLSmidth & Co. A/S (OTCMKTS:FLIDY) last released 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 during the quarter, compared to the consensus estimate of $566.52 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.