Air Liquide (OTCMKTS:AIQUY) Sees Strong Trading Volume – Still a Buy?

Shares of Air Liquide (OTCMKTS:AIQUY) saw an uptick in trading volume on Thursday . 872,271 shares were traded during mid-day trading, an increase of 202% from the previous session’s volume of 289,120 shares.The stock last traded at $38.31 and had previously closed at $38.59.

Wall Street Analyst Weigh In

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

Air Liquide Trading Up 1.4%

The company has a quick ratio of 0.90, a current ratio of 1.14 and a debt-to-equity ratio of 0.37. The business’s fifty day moving average is $42.02 and its 200-day moving average is $39.75.

Hedge Funds Weigh In On Air Liquide

An institutional investor recently raised its position in Air Liquide stock. Madison Asset Management LLC boosted its stake in shares of Air Liquide (OTCMKTS:AIQUY) by 6.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,573 shares of the basic materials company’s stock after purchasing an additional 2,061 shares during the period. Madison Asset Management LLC’s holdings in Air Liquide were worth $1,352,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.03% of the company’s stock.

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.