Air Liquide (OTCMKTS:AIQUY) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Air Liquide (OTCMKTS:AIQUY)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $40.30 and traded as low as $39.7101. Air Liquide shares last traded at $39.78, with a volume of 118,894 shares.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AIQUY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Air Liquide in a report on Wednesday, October 29th. Kepler Capital Markets raised shares of Air Liquide from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Air Liquide Stock Performance

The company has a 50 day simple moving average of $40.30 and a 200-day simple moving average of $40.87. The company has a quick ratio of 0.61, a current ratio of 0.84 and a debt-to-equity ratio of 0.34.

Institutional Trading of Air Liquide

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers boosted its position in Air Liquide by 0.4% during the second quarter. Rhumbline Advisers now owns 70,948 shares of the basic materials company’s stock valued at $2,931,000 after purchasing an additional 314 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in Air Liquide by 49.3% during the second quarter. First Horizon Advisors Inc. now owns 1,556 shares of the basic materials company’s stock worth $64,000 after purchasing an additional 514 shares during the period. Hancock Whitney Corp increased its position in Air Liquide by 3.2% during the first quarter. Hancock Whitney Corp now owns 17,545 shares of the basic materials company’s stock worth $667,000 after buying an additional 547 shares during the last quarter. Accent Capital Management LLC bought a new position in shares of Air Liquide during the 1st quarter worth approximately $34,000. Finally, GAMMA Investing LLC increased its holdings in shares of Air Liquide by 15.3% during the 3rd quarter. GAMMA Investing LLC now owns 7,822 shares of the basic materials company’s stock worth $324,000 after acquiring an additional 1,039 shares during the last quarter. Institutional investors own 0.01% of the company’s stock.

About Air Liquide

L'Air Liquide SA provides gases, technologies, and services for the industrial and health sectors in Europe, the Americas, the Asia Pacific, the Middle East, and Africa. It operates in Gas & Services, Engineering & Construction, and Global Markets & Technologies segments. The Gas & Services segment comprises large industries business, which offers gas and energy solutions including oxygen, nitrogen, argon, hydrogen, and carbon monoxide, as well as operates cogeneration plants to supply steam and electricity to metals, chemicals, refining, and energy industries; and industrial merchant business line provides industrial gases, equipment, hardgoods, and associated services to materials and energy, automotive and manufacturing, food and pharmaceuticals, technology and research, and craftsmen and retail sectors.