Air Liquide (OTCMKTS:AIQUY) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Air Liquide (OTCMKTS:AIQUY) shares crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $38.64 and traded as low as $38.4950. Air Liquide shares last traded at $38.67, with a volume of 335,595 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Zacks Research upgraded Air Liquide from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 29th. Morgan Stanley raised Air Liquide from an “underweight” rating to an “overweight” rating in a research report on Monday, July 20th. Citigroup reiterated a “buy” rating on shares of Air Liquide in a research note on Wednesday, July 29th. Finally, Mizuho upgraded Air Liquide to a “strong-buy” rating in a research note on Monday, August 31st. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

Air Liquide Trading Up 0.5%

The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 0.41. The company’s fifty day simple moving average is $38.64 and its 200 day simple moving average is $40.08.

Institutional Trading of Air Liquide

An institutional investor recently raised its stake in Air Liquide stock. GAMMA Investing LLC increased its holdings in Air Liquide (OTCMKTS:AIQUY) by 25.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,977 shares of the basic materials company’s stock after buying an additional 2,259 shares during the period. GAMMA Investing LLC’s holdings in Air Liquide were worth $433,000 as of its most recent SEC filing. 0.03% of the stock is currently owned by institutional investors.

Air Liquide Company Profile

Air Liquide is a global supplier of industrial, medical and specialty gases, along with related technologies and services. The company produces and distributes gases such as oxygen, nitrogen, hydrogen, argon, carbon dioxide and helium for use in industries including manufacturing, chemicals, energy, electronics, food and beverages, and scientific research. Its offerings also include gas-management systems, equipment and process solutions designed to support customers’ production and safety requirements.

Through its healthcare activities, Air Liquide supplies medical gases, respiratory-care products and services to hospitals, healthcare professionals and patients receiving care at home.