FLSmidth & Co. A/S (OTCMKTS:FLIDY) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

FLSmidth & Co. A/S (OTCMKTS:FLIDY) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $8.08 and traded as high as $9.20. FLSmidth & Co. A/S shares last traded at $9.20, with a volume of 793 shares traded.

Analyst Upgrades and Downgrades

Separately, UBS Group raised FLSmidth & Co. A/S from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

FLSmidth & Co. A/S Trading Up 5.6%

The firm’s 50 day moving average is $8.08 and its 200 day moving average is $7.98.

FLSmidth & Co. A/S (OTCMKTS:FLIDY) last issued its earnings results on Wednesday, August 19th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. The business had revenue of $613.53 million for the quarter, compared to the consensus estimate of $542.44 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.