Air Liquide (OTCMKTS:AIQUY) Sees Strong Trading Volume – Still a Buy?

Air Liquide (OTCMKTS:AIQUY) shares saw unusually-high trading volume on Tuesday . Approximately 837,711 shares changed hands during trading, an increase of 264% from the previous session’s volume of 229,863 shares.The stock last traded at $38.43 and had previously closed at $39.09.

Analyst Ratings Changes

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

Air Liquide Price Performance

The stock has a 50 day moving average of $40.19 and a 200 day moving average of $40.84. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.84 and a quick ratio of 0.61.

Institutional Trading of Air Liquide

Several large investors have recently made changes to their positions in AIQUY. Rhumbline Advisers boosted its holdings in shares of Air Liquide by 14.7% in the 1st quarter. Rhumbline Advisers now owns 70,634 shares of the basic materials company’s stock valued at $2,686,000 after purchasing an additional 9,055 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Air Liquide by 46.5% during the 2nd quarter. GAMMA Investing LLC now owns 6,783 shares of the basic materials company’s stock worth $280,000 after buying an additional 2,154 shares in the last quarter. Accent Capital Management LLC bought a new stake in shares of Air Liquide during the 1st quarter worth $34,000. Hancock Whitney Corp boosted its stake in Air Liquide by 3.2% in the first quarter. Hancock Whitney Corp now owns 17,545 shares of the basic materials company’s stock valued at $667,000 after buying an additional 547 shares in the last quarter. Finally, Corient IA LLC acquired a new stake in Air Liquide in the first quarter valued at about $757,000. Institutional investors and hedge funds 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.