Air Liquide (OTCMKTS:AIQUY) Sets New 52-Week High – Time to Buy?

Shares of Air Liquide (OTCMKTS:AIQUY) reached a new 52-week high during mid-day trading on Thursday. The stock traded as high as $42.96 and last traded at $42.87, with a volume of 4,152 shares. The stock had previously closed at $42.55.

Wall Street Analysts Forecast Growth

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

Air Liquide Trading Up 0.2%

The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.68 and a current ratio of 0.87. The firm’s 50-day moving average price is $39.12 and its 200 day moving average price is $40.03.

Institutional Trading of Air Liquide

Several institutional investors and hedge funds have recently bought and sold shares of AIQUY. First Command Advisory Services Inc. lifted its holdings in Air Liquide by 274.6% during the 3rd quarter. First Command Advisory Services Inc. now owns 1,502 shares of the basic materials company’s stock worth $58,000 after buying an additional 1,101 shares during the last quarter. Sterling Capital Management LLC increased its holdings in shares of 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 during the last quarter. GAMMA Investing LLC increased its holdings in shares of Air Liquide by 22.8% in the 3rd quarter. GAMMA Investing LLC now owns 13,484 shares of the basic materials company’s stock valued at $519,000 after acquiring an additional 2,507 shares during the last quarter. Finally, Madison Asset Management LLC acquired a new stake in shares of Air Liquide during the 2nd quarter valued at approximately $1,402,000. Institutional investors and hedge funds own 0.03% of the company’s stock.

About Air Liquide

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.