FLSmidth & Co. A/S (OTCMKTS:FLIDY) Announces Earnings Results

FLSmidth & Co. A/S (OTCMKTS:FLIDY) issued its earnings results on Wednesday. The company reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11, Zacks reports.

FLSmidth & Co. A/S Stock Up 7.9%

Shares of FLIDY traded up $0.65 during mid-day trading on Wednesday, reaching $8.92. 128 shares of the stock traded hands, compared to its average volume of 2,409. FLSmidth & Co. A/S has a 1 year low of $6.70 and a 1 year high of $9.49. The firm has a fifty day moving average price of $8.80 and a 200 day moving average price of $8.24.

Wall Street Analyst Weigh In

Separately, Dnb Carnegie raised 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 assigned a Hold rating to the company. According to data from MarketBeat.com, FLSmidth & Co. A/S has a consensus rating of “Buy”.

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.