FLSmidth & Co. A/S (OTCMKTS:FLIDY – Get Free Report) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 278 shares. Based on an average daily volume of 57 shares, the short-interest ratio is presently 4.9 days.
Wall Street Analysts Forecast Growth
Separately, Dnb Carnegie upgraded shares of FLSmidth & Co. A/S from a “hold” rating to a “strong-buy” rating in a research 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’s stock. Based on data from MarketBeat.com, FLSmidth & Co. A/S currently has a consensus rating of “Buy”.
Get Our Latest Analysis on FLIDY
FLSmidth & Co. A/S Stock Performance
Shares of FLIDY stock traded down $0.33 during trading hours on Friday, reaching $8.27. The company had a trading volume of 154 shares, compared to its average volume of 2,449. FLSmidth & Co. A/S has a 1-year low of $6.70 and a 1-year high of $9.49. The company has a 50 day moving average of $8.91 and a 200 day moving average of $8.23.
FLSmidth & Co. A/S (OTCMKTS:FLIDY – Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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.
About FLSmidth & Co. A/S
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.
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