Air Liquide (OTCMKTS:AIQUY) Shares Cross 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 Monday . The stock has a fifty day moving average of $39.49 and traded as low as $38.5096. Air Liquide shares last traded at $38.60, with a volume of 169,037 shares trading hands.

Analyst Upgrades and Downgrades

AIQUY has been the topic of a number of research analyst reports. Citigroup reaffirmed a “buy” rating on shares of Air Liquide in a report on Wednesday, July 29th. Morgan Stanley upgraded shares of Air Liquide from an “underweight” rating to an “overweight” rating in a research note on Monday, July 20th. Finally, Zacks Research upgraded shares of Air Liquide from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Air Liquide currently has a consensus rating of “Buy”.

Air Liquide Price Performance

The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.90 and a current ratio of 1.14. The business’s 50 day simple moving average is $39.49 and its 200 day simple moving average is $40.48.

Institutional Investors Weigh In On Air Liquide

An institutional investor recently bought a new stake in Air Liquide stock. Madison Asset Management LLC acquired a new stake in Air Liquide (OTCMKTS:AIQUY) during the second quarter, according to its most recent filing with the SEC. The firm acquired 35,520 shares of the basic materials company’s stock, valued at approximately $1,402,000. 0.03% of the stock is currently owned by hedge funds and other institutional investors.

About Air Liquide

Air Liquide is a Paris‑headquartered multinational that develops, manufactures and supplies industrial and medical gases, related equipment and services. Founded in 1902, the company has grown into a major global supplier of gases such as oxygen, nitrogen, argon, hydrogen and a wide range of specialty gases used across industrial, healthcare and research applications.

Its core activities include on‑site gas production, bulk and packaged gas distribution (cylinders and cryogenic deliveries), installation and maintenance of gas handling and storage equipment, and engineering for large industrial gas projects.