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

by · The Markets Daily

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

Wall Street Analysts Forecast Growth

AIQUY has been the topic of a number of recent analyst reports. Zacks Research downgraded Air Liquide from a “hold” rating to a “strong sell” rating in a report on Friday, October 30th. Citigroup restated a “buy” rating on shares of Air Liquide in a research note on Wednesday, July 29th. Mizuho raised Air Liquide to a “strong-buy” rating in a report on Monday, August 31st. Finally, Morgan Stanley upgraded shares of Air Liquide from an “underweight” rating to an “overweight” rating in a research note on Monday, July 20th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Read Our Latest Analysis on Air Liquide

Air Liquide Stock Up 3.5%

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

Hedge Funds Weigh In On Air Liquide

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in Air Liquide by 25.9% during the 2nd quarter. GAMMA Investing LLC now owns 10,977 shares of the basic materials company’s stock valued at $433,000 after acquiring an additional 2,259 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of Air Liquide by 4.6% in the 3rd quarter. Sterling Capital Management LLC now owns 13,518 shares of the basic materials company’s stock valued at $525,000 after purchasing an additional 593 shares during the last quarter. Finally, Madison Asset Management LLC grew its stake in shares of Air Liquide by 6.8% in the 1st quarter. Madison Asset Management LLC now owns 32,573 shares of the basic materials company’s stock valued at $1,352,000 after purchasing an additional 2,061 shares during the last quarter. Institutional investors and hedge funds own 0.03% of the company’s stock.

Air Liquide Company Profile

(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.

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