FLSmidth & Co. A/S (OTCMKTS:FLIDY) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

FLSmidth & Co. A/S (OTCMKTS:FLIDY) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $7.96 and traded as low as $7.50. FLSmidth & Co. A/S shares last traded at $7.50, with a volume of 4,827 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Zacks Research upgraded shares of FLSmidth & Co. A/S to a “hold” rating in a research note on Friday, April 17th. UBS Group upgraded shares of FLSmidth & Co. A/S from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Finally, Barclays upgraded shares of FLSmidth & Co. A/S from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, FLSmidth & Co. A/S presently has a consensus rating of “Moderate Buy”.

FLSmidth & Co. A/S Trading Down 4.2%

The company’s fifty day moving average is $7.85 and its 200-day moving average is $7.96.

FLSmidth & Co. A/S (OTCMKTS:FLIDY) last issued its earnings results on Wednesday, May 13th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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.

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.