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

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

Analysts Set New Price Targets

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

FLSmidth & Co. A/S Trading Down 4.8 %

The firm’s fifty day simple moving average is $4.47 and its 200 day simple moving average is $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.