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

FLSmidth & Co. A/S (OTCMKTS:FLIDY)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 traded.

Wall Street Analyst Weigh In

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

FLSmidth & Co. A/S Price Performance

The company’s fifty day moving average price is $7.84 and its two-hundred day moving average price 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 for the quarter, beating the consensus estimate of $0.16 by $0.12. The firm had revenue of $513.62 million during 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.