FLSmidth & Co. A/S (OTCMKTS:FLIDY) Shares Down 4.8%

FLSmidth & Co. A/S (OTCMKTS:FLIDY)’s stock price dropped 4.8% during mid-day trading on Monday . The company traded as low as $4.16 and last traded at $4.16. Approximately 350 shares traded hands during trading, a decline of 83% from the average daily volume of 2,000 shares. The stock had previously closed at $4.37.

Analysts Set New Price Targets

Separately, Handelsbanken downgraded FLSmidth & Co. A/S from an “outperform” rating to a “market perform” rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

FLSmidth & Co. A/S Trading Down 4.8 %

The business has a fifty day moving average of $4.47 and a 200-day moving average of $4.25.

About FLSmidth & Co. A/S

FLSmidth & Co A/S provides engineering and service solutions for mining and cement industries in North America, South America, Europe, North Africa, Russia, Asia, Sub-Saharan Africa, the Middle East, SSAMESA, and Australia. The company offers various products, systems, and services, including precious metals, gravity concentrator service, audits and training, gas analysis and emissions monitoring services, liner profiling and scanning, kiln, packing and dispatching equipment, air pollution control, pneumatic conveying, gear, technical advisory, electrical and automation audits, mine planning, feeding and dosing equipment, and other services for the mining and cement industries.