Air Liquide (OTCMKTS:AIQUY) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

Shares of Air Liquide (OTCMKTS:AIQUY) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $41.92 and traded as low as $40.64. Air Liquide shares last traded at $40.92, with a volume of 158,110 shares changing hands.

Wall Street Analysts Forecast Growth

AIQUY has been the subject of a number of recent research reports. Zacks Research raised Air Liquide from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Kepler Capital Markets raised Air Liquide from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Finally, Citigroup reaffirmed a “buy” rating on shares of Air Liquide in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy”.

Air Liquide Trading Down 0.7%

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 business’s 50 day moving average price is $41.92 and its 200-day moving average price is $39.67.

Institutional Trading of Air Liquide

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

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.