FLSmidth & Co. A/S (OTCMKTS:FLIDY) Stock Price Down 11.2% – What’s Next?

FLSmidth & Co. A/S (OTCMKTS:FLIDY) shares traded down 11.2% during trading on Monday . The company traded as low as $6.88 and last traded at $6.88. 523 shares changed hands during trading, a decline of 84% from the average session volume of 3,248 shares. The stock had previously closed at $7.75.

Wall Street Analysts Forecast Growth

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

FLSmidth & Co. A/S Price Performance

The company has a 50 day moving average price of $7.57 and a 200 day moving average price of $8.00.

FLSmidth & Co. A/S (OTCMKTS:FLIDY) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.12. The firm had revenue of $513.62 million for the quarter, compared to analyst estimates 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.