FLSmidth & Co. A/S (OTCMKTS:FLIDY) Stock Price Up 3.9% – Still a Buy?

FLSmidth & Co. A/S (OTCMKTS:FLIDY)’s stock price rose 3.9% during mid-day trading on Tuesday . The stock traded as high as $7.7950 and last traded at $7.7950. Approximately 2,500 shares were traded during trading, an increase of 18% from the average daily volume of 2,120 shares. The stock had previously closed at $7.50.

Analyst Upgrades and Downgrades

Separately, UBS Group upgraded shares of FLSmidth & Co. A/S to a “hold” rating in a research report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

FLSmidth & Co. A/S Stock Performance

The stock’s fifty day moving average price is $7.36 and its two-hundred day moving average price is $6.75.

FLSmidth & Co. A/S (OTCMKTS:FLIDY) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.08 EPS for the quarter. The company had revenue of $540.79 million during the quarter.

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.