Linde (ETR:LIN) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Linde plc (ETR:LINGet Free Report)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of €390.97 and traded as high as €429.00. Linde shares last traded at €427.80, with a volume of 22,612 shares trading hands.

Linde Trading Up 0.1%

The stock has a market capitalization of $209.57 billion, a PE ratio of 32.94, a price-to-earnings-growth ratio of 2.63 and a beta of 0.83. The firm has a 50-day moving average price of €426.19 and a 200-day moving average price of €390.97. The company has a current ratio of 0.83, a quick ratio of 0.56 and a debt-to-equity ratio of 68.24.

About Linde

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Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. The company also designs and constructs turnkey process plants for third-party customers, as well as for the gas businesses in various locations, such as air separation, hydrogen, synthesis, olefin, and natural gas plants.

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