Air Liquide (OTCMKTS:AIQUY) Sets New 1-Year High – Time to Buy?

Air Liquide (OTCMKTS:AIQUY – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $42.01 and last traded at $41.98, with a volume of 6,806 shares changing hands. The stock had previously closed at $40.72.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AIQUY shares. Mizuho raised shares of Air Liquide to a “strong-buy” rating in a research note on Monday, August 31st. Morgan Stanley raised shares of Air Liquide from an “underweight” rating to an “overweight” rating in a research note on Monday, July 20th. Citigroup reiterated a “buy” rating on shares of Air Liquide in a report on Wednesday, July 29th. Finally, Zacks Research lowered Air Liquide from a “hold” rating to a “strong sell” rating in a research note on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Air Liquide has a consensus rating of “Buy”.

Check Out Our Latest Report on Air Liquide

Air Liquide Trading Up 3.5%

The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.68 and a current ratio of 0.87. The business’s 50-day moving average is $38.75 and its two-hundred day moving average is $39.86.

Hedge Funds Weigh In On Air Liquide

Hedge funds have recently bought and sold shares of the company. Madison Asset Management LLC purchased a new stake in shares of Air Liquide during the second quarter worth approximately $1,402,000. GAMMA Investing LLC lifted its stake in Air Liquide by 22.8% in the third quarter. GAMMA Investing LLC now owns 13,484 shares of the basic materials company’s stock worth $519,000 after acquiring an additional 2,507 shares during the last quarter. Finally, Sterling Capital Management LLC grew its holdings in Air Liquide by 4.6% during the 3rd quarter. Sterling Capital Management LLC now owns 13,518 shares of the basic materials company’s stock worth $525,000 after acquiring an additional 593 shares in the last quarter. Institutional investors and hedge funds own 0.03% of the company’s stock.

About Air Liquide

(Get Free Report)

Air Liquide is a global supplier of industrial, medical and specialty gases, along with related technologies and services. The company produces and distributes gases such as oxygen, nitrogen, hydrogen, argon, carbon dioxide and helium for use in industries including manufacturing, chemicals, energy, electronics, food and beverages, and scientific research. Its offerings also include gas-management systems, equipment and process solutions designed to support customers’ production and safety requirements.

Through its healthcare activities, Air Liquide supplies medical gases, respiratory-care products and services to hospitals, healthcare professionals and patients receiving care at home.

Further Reading

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