Air Liquide (OTCMKTS:AIQUY) Sees Unusually-High Trading Volume – Here’s Why

Shares of Air Liquide (OTCMKTS:AIQUY) saw strong trading volume on Monday . Approximately 790,332 shares were traded during mid-day trading, an increase of 188% from the previous session’s volume of 274,662 shares.The stock last traded at $38.07 and had previously closed at $37.38.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of Air Liquide from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. Mizuho raised shares of Air Liquide to a “strong-buy” rating in a research report on Monday, August 31st. Morgan Stanley raised Air Liquide from an “underweight” rating to an “overweight” rating in a research note on Monday, July 20th. Finally, Citigroup reissued a “buy” rating on shares of Air Liquide in a research note on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Air Liquide Stock Performance

The company has a 50 day moving average of $39.31 and a two-hundred day moving average of $40.30. 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 Inflows and Outflows

A hedge fund recently bought a new stake in Air Liquide stock. Madison Asset Management LLC purchased a new position in shares of Air Liquide (OTCMKTS:AIQUY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 35,520 shares of the basic materials company’s stock, valued at approximately $1,402,000. 0.03% of the stock is currently owned by institutional investors and hedge funds.

About Air Liquide

Air Liquide (OTCMKTS:AIQUY) is a global industrial and healthcare gases company that supplies essential gases, technologies and related services to customers across a range of industries. Its products include oxygen, nitrogen, hydrogen, argon, carbon dioxide and specialty gases, which are used in manufacturing, chemicals, energy, food and beverage, electronics, healthcare and scientific research.

The company also designs and operates gas production and distribution systems, provides industrial and medical equipment, and develops solutions related to hydrogen, low-carbon industry and the energy transition.