Air Liquide (OTCMKTS:AIQUY) Reaches New 12-Month High – Should You Buy?

Shares of Air Liquide (OTCMKTS:AIQUY) reached a new 52-week high during trading on Thursday . The stock 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.

Analysts Set New Price Targets

Several research firms have weighed in on AIQUY. Citigroup reiterated a “buy” rating on shares of Air Liquide in a research note on Wednesday, April 29th. Zacks Research lowered shares of Air Liquide from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Finally, Kepler Capital Markets upgraded shares of Air Liquide from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Air Liquide Stock Performance

The firm’s 50 day moving average price is $40.75 and its 200-day moving average price is $39.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.14 and a quick ratio of 0.90.

Hedge Funds Weigh In On Air Liquide

A hedge fund recently raised its position in Air Liquide stock. Madison Asset Management LLC increased its position in Air Liquide (OTCMKTS:AIQUY) by 6.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,573 shares of the basic materials company’s stock after purchasing an additional 2,061 shares during the quarter. Madison Asset Management LLC’s holdings in Air Liquide were worth $1,352,000 at the end of the most recent quarter. Institutional investors own 0.03% of the company’s stock.

About Air Liquide

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.