Air Liquide (OTCMKTS:AIQUY) Sees Large Volume Increase – Should You Buy?

Air Liquide (OTCMKTS:AIQUY) saw unusually-high trading volume on Friday. Approximately 831,705 shares traded hands during mid-day trading, an increase of 200% from the average daily volume of 277,077 shares. The stock last traded at $42.61 and had previously closed at $42.55.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AIQUY shares. Citigroup reaffirmed a “buy” rating on shares of Air Liquide in a research report on Wednesday, July 29th. Mizuho raised Air Liquide to a “strong-buy” rating in a research note on Monday, August 31st. Morgan Stanley upgraded Air Liquide from an “underweight” rating to an “overweight” rating in a report on Monday, July 20th. Finally, Zacks Research lowered Air Liquide from a “hold” rating to a “strong sell” rating in a research report on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Air Liquide Stock Performance

The firm’s 50 day moving average price is $39.17 and its 200-day moving average price is $40.05. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 0.41.

Hedge Funds Weigh In On Air Liquide

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AIQUY. Sterling Capital Management LLC lifted its position in Air Liquide by 4.6% in the 3rd quarter. Sterling Capital Management LLC now owns 13,518 shares of the basic materials company’s stock valued at $525,000 after acquiring an additional 593 shares in the last quarter. First Command Advisory Services Inc. increased its holdings in shares of Air Liquide by 274.6% in the 3rd quarter. First Command Advisory Services Inc. now owns 1,502 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 1,101 shares in the last quarter. Madison Asset Management LLC increased its holdings in shares of Air Liquide by 6.8% in the 1st quarter. Madison Asset Management LLC now owns 32,573 shares of the basic materials company’s stock worth $1,352,000 after purchasing an additional 2,061 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Air Liquide by 25.9% in the second quarter. GAMMA Investing LLC now owns 10,977 shares of the basic materials company’s stock worth $433,000 after purchasing an additional 2,259 shares during the last quarter. 0.03% of the stock is owned by institutional investors.

Air Liquide Company Profile

Air Liquide is a France-based group that supplies industrial and medical gases, technologies, and services to customers around the world. Founded in 1902, the company grew from the development of technology to separate gases from air. Its products include oxygen, nitrogen, argon, hydrogen, and specialty gases, along with equipment and services for producing and managing gas supplies. Air Liquide serves a range of industries, including healthcare, electronics, chemicals, energy, and manufacturing.