L’Air Liquide (OTCMKTS:AIQUY) Reaches New 1-Year High – Time to Buy?

Shares of L’Air Liquide S.A. (OTCMKTS:AIQUY) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $39.98 and last traded at $39.63, with a volume of 274993 shares trading hands. The stock had previously closed at $39.30.

Wall Street Analyst Weigh In

Separately, Redburn Atlantic upgraded L’Air Liquide from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 24th.

L’Air Liquide Price Performance

The stock has a 50 day moving average price of $34.75 and a two-hundred day moving average price of $35.31. The company has a quick ratio of 0.57, a current ratio of 0.77 and a debt-to-equity ratio of 0.32.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers boosted its stake in shares of L’Air Liquide by 5.8% during the 4th quarter. Rhumbline Advisers now owns 61,579 shares of the basic materials company’s stock worth $1,986,000 after acquiring an additional 3,371 shares during the period. Hancock Whitney Corp lifted its position in shares of 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 worth $652,000 after buying an additional 1,356 shares during the last quarter. SVB Wealth LLC acquired a new stake in shares of L’Air Liquide in the 4th quarter valued at approximately $248,000. Finally, Madison Investment Advisors LLC acquired a new stake in L’Air Liquide in the fourth quarter valued at approximately $1,147,000. Institutional investors and hedge funds own 0.01% of the company’s stock.

About L’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.