Air Liquide (OTCMKTS:AIQUY) Share Price Passes Below 50 Day Moving Average Following Analyst Downgrade

Air Liquide (OTCMKTS:AIQUY)’s share price passed below its fifty day moving average during trading on Wednesday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The stock has a fifty day moving average of $40.84 and traded as low as $39.97. Air Liquide shares last traded at $40.07, with a volume of 266,186 shares.

Several other analysts have also recently weighed in on the stock. Kepler Capital Markets upgraded shares of Air Liquide from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Citigroup reiterated a “buy” rating on shares of Air Liquide in a research 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 Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Air Liquide stock. Madison Asset Management LLC increased its stake in Air Liquide (OTCMKTS:AIQUY) by 6.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,573 shares of the basic materials company’s stock after acquiring 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 SEC filing. 0.03% of the stock is currently owned by institutional investors.

Air Liquide Price Performance

The firm has a fifty day moving average of $40.80 and a two-hundred day moving average of $39.88. The company has a current ratio of 1.14, a quick ratio of 0.90 and a debt-to-equity ratio of 0.37.

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.