FLSmidth & Co. A/S (OTCMKTS:FLIDY – Get Free Report) saw a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 38 shares, a decrease of 86.3% from the October 15th total of 278 shares. Based on an average daily trading volume, of 1,356 shares, the days-to-cover ratio is presently 0.0 days.
Analyst Upgrades and Downgrades
Separately, Dnb Carnegie raised shares of FLSmidth & Co. A/S from a “hold” rating to a “strong-buy” rating in a report on Monday, September 14th. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, FLSmidth & Co. A/S has an average rating of “Buy”.
View Our Latest Report on FLSmidth & Co. A/S
FLSmidth & Co. A/S Stock Performance
OTCMKTS FLIDY remained flat at $8.92 on Thursday. The company’s stock had a trading volume of 128 shares, compared to its average volume of 2,368. FLSmidth & Co. A/S has a 1-year low of $6.70 and a 1-year high of $9.49. The firm’s 50-day simple moving average is $8.79 and its 200-day simple moving average is $8.24.
FLSmidth & Co. A/S (OTCMKTS:FLIDY – Get Free Report) last issued its quarterly earnings data on Wednesday, November 11th. The company reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. The business had revenue of $585.00 million during the quarter, compared to the consensus estimate of $558.74 million.
FLSmidth & Co. A/S Company Profile
FLSmidth & Co. A/S is a Denmark-based engineering and technology company that provides equipment, systems, services and digital solutions for the global mining industry. Its offerings are designed to support the processing of minerals and metals, with applications spanning crushing, grinding, separation, material handling, pyroprocessing, filtration and tailings management. The company supplies individual machines as well as integrated plant solutions and lifecycle services, including maintenance, upgrades, process optimization and automation.
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