L’Air Liquide (OTCMKTS:AIQUY) Shares Cross Above 50 Day Moving Average – Here’s What Happened

L’Air Liquide S.A. (OTCMKTS:AIQUY) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $32.94 and traded as high as $34.93. L’Air Liquide shares last traded at $34.91, with a volume of 488,826 shares traded.

L’Air Liquide Trading Up 2.0 %

The company has a quick ratio of 0.57, a current ratio of 0.77 and a debt-to-equity ratio of 0.32. The stock’s fifty day simple moving average is $32.94 and its 200-day simple moving average is $35.26.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kornitzer Capital Management Inc. KS acquired a new position in L’Air Liquide during the 3rd quarter worth $202,000. Boston Common Asset Management LLC raised its stake in shares of L’Air Liquide by 7.2% during the third quarter. Boston Common Asset Management LLC now owns 70,804 shares of the basic materials company’s stock valued at $2,738,000 after purchasing an additional 4,726 shares in the last quarter. Moloney Securities Asset Management LLC lifted its holdings in L’Air Liquide by 7.4% in the third quarter. Moloney Securities Asset Management LLC now owns 38,951 shares of the basic materials company’s stock worth $1,506,000 after purchasing an additional 2,667 shares during the period. Finally, Hancock Whitney Corp increased its stake in L’Air Liquide by 8.7% during the 3rd quarter. Hancock Whitney Corp now owns 16,872 shares of the basic materials company’s stock valued at $652,000 after buying an additional 1,356 shares during the period. Institutional investors and hedge funds own 0.01% of the company’s stock.

L’Air Liquide Company Profile

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.