Air Liquide (OTCMKTS:AIQUY) Stock Passes Above 50-Day Moving Average – Here’s Why

Air Liquide (OTCMKTS:AIQUYGet Free Report) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $39.60 and traded as high as $39.69. Air Liquide shares last traded at $39.30, with a volume of 117,203 shares trading hands.

Analysts Set New Price Targets

A number of analysts recently weighed in on AIQUY shares. Citigroup reaffirmed a “buy” rating on shares of Air Liquide in a report on Wednesday, July 29th. Mizuho raised shares of Air Liquide to a “strong-buy” rating in a research note on Monday. Morgan Stanley upgraded shares of Air Liquide from an “underweight” rating to an “overweight” rating in a research report on Monday, July 20th. Finally, Zacks Research raised Air Liquide from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

Get Our Latest Analysis on AIQUY

Air Liquide Trading Down 0.2%

The business has a fifty day moving average price of $39.65 and a 200 day moving average price of $40.50. The company has a current ratio of 1.14, a quick ratio of 0.90 and a debt-to-equity ratio of 0.37.

Institutional Trading of Air Liquide

A hedge fund recently raised its stake in Air Liquide stock. GAMMA Investing LLC increased its position in shares of Air Liquide (OTCMKTS:AIQUYFree Report) by 25.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,977 shares of the basic materials company’s stock after purchasing an additional 2,259 shares during the period. GAMMA Investing LLC’s holdings in Air Liquide were worth $433,000 at the end of the most recent quarter. 0.03% of the stock is currently owned by hedge funds and other institutional investors.

Air Liquide Company Profile

(Get Free Report)

Air Liquide is a Paris‑headquartered multinational that develops, manufactures and supplies industrial and medical gases, related equipment and services. Founded in 1902, the company has grown into a major global supplier of gases such as oxygen, nitrogen, argon, hydrogen and a wide range of specialty gases used across industrial, healthcare and research applications.

Its core activities include on‑site gas production, bulk and packaged gas distribution (cylinders and cryogenic deliveries), installation and maintenance of gas handling and storage equipment, and engineering for large industrial gas projects.

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