Air Liquide (OTCMKTS:AIQUY) Sets New 52-Week High – Should You Buy?

Air Liquide (OTCMKTS:AIQUY)’s share price 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. The stock had previously closed at $40.72.

Analyst Ratings Changes

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

Air Liquide Stock Performance

The business’s 50 day moving average price is $38.88 and its 200 day moving average price is $39.92. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.68 and a current ratio of 0.87.

Institutional Trading of Air Liquide

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Madison Asset Management LLC acquired a new position in shares of Air Liquide in the second quarter worth about $1,402,000. Sterling Capital Management LLC grew its position in shares of 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 valued at $525,000 after acquiring an additional 593 shares during the period. GAMMA Investing LLC boosted its position in Air Liquide by 22.8% during the third quarter. GAMMA Investing LLC now owns 13,484 shares of the basic materials company’s stock worth $519,000 after purchasing an additional 2,507 shares in the last quarter. Finally, First Command Advisory Services Inc. boosted its position in Air Liquide by 274.6% during the third quarter. First Command Advisory Services Inc. now owns 1,502 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 1,101 shares in the last quarter. Institutional investors and hedge funds own 0.03% of the company’s stock.

Air Liquide Company Profile

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.