Air Liquide (OTCMKTS:AIQUY) Hits New 52-Week High – What’s Next?

Air Liquide (OTCMKTS:AIQUY) shares reached a new 52-week high on Thursday . The company traded as high as $40.9640 and last traded at $40.96, with a volume of 14819 shares traded. The stock had previously closed at $40.07.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AIQUY shares. Zacks Research downgraded shares of Air Liquide from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Citigroup reissued a “buy” rating on shares of Air Liquide in a report on Wednesday, April 29th. Finally, Kepler Capital Markets upgraded Air Liquide from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Air Liquide Stock Performance

The company has a current ratio of 1.14, a quick ratio of 0.90 and a debt-to-equity ratio of 0.37. The firm’s 50-day moving average price is $40.84 and its 200-day moving average price is $39.85.

Institutional Investors Weigh In On Air Liquide

An institutional investor recently raised its position in Air Liquide stock. Madison Asset Management LLC boosted its position in shares of Air Liquide (OTCMKTS:AIQUY) by 6.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,573 shares of the basic materials company’s stock after buying an additional 2,061 shares during the quarter. Madison Asset Management LLC’s holdings in Air Liquide were worth $1,352,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 0.03% of the company’s stock.

Air Liquide Company Profile

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.