Linde Ag Spon (NASDAQ:LNEGY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Saturday.

According to Zacks, “The Linde Group is an engineering company which supplies industrial, process and specialty gases worldwide. The Company’s core operating segments consist of the gases and engineering division. The main gases produced by the Company are acetylene, carbon dioxide, nitrogen, hydrogen, shielding gases for welding applications, noble gases, calibration gas mixtures, high-purity gases and gas mixtures. It also supplies welding and safety products. Lindes’s pharmaceutical and medical gas products and services find their use in clinical care, emergency care, and ventilation therapy and hospital infrastructure. The engineering division focuses on plant engineering for the production of hydrogen and synthesis gas, oxygen and olefins as well as plants for natural gas treatment. The Company’s non core division the gist division operates in a wide range of commercial and industrial sectors including grocery, retail, electronics and gas. . The Linde Group is headquartered in Munich, Germany. “

Linde Ag Spon (NASDAQ LNEGY) traded down 0.31% during mid-day trading on Friday, reaching $19.27. 316,747 shares of the company were exchanged. Linde Ag Spon has a 12 month low of $15.63 and a 12 month high of $20.16. The stock has a market capitalization of $35.77 billion and a P/E ratio of 24.86. The company’s 50 day moving average price is $19.24 and its 200-day moving average price is $18.45.

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