Air Liquide (OTCMKTS:AIQUY) Sees Strong Trading Volume – Should You Buy?

Air Liquide (OTCMKTS:AIQUY) shares saw strong trading volume on Monday . 790,332 shares changed hands during trading, an increase of 188% from the previous session’s volume of 274,662 shares.The stock last traded at $38.07 and had previously closed at $37.38.

Analysts Set New Price Targets

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

Air Liquide Price Performance

The company has a debt-to-equity ratio of 0.41, a current ratio of 0.87 and a quick ratio of 0.68. The company’s 50-day simple moving average is $39.40 and its 200 day simple moving average is $40.33.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Air Liquide stock. Madison Asset Management LLC purchased a new stake in Air Liquide (OTCMKTS:AIQUY) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 35,520 shares of the basic materials company’s stock, valued at approximately $1,402,000. Institutional investors own 0.03% of the company’s stock.

Air Liquide Company Profile

Air Liquide (OTCMKTS:AIQUY) is a global industrial and healthcare gases company that supplies essential gases, technologies and related services to customers across a range of industries. Its products include oxygen, nitrogen, hydrogen, argon, carbon dioxide and specialty gases, which are used in manufacturing, chemicals, energy, food and beverage, electronics, healthcare and scientific research.

The company also designs and operates gas production and distribution systems, provides industrial and medical equipment, and develops solutions related to hydrogen, low-carbon industry and the energy transition.