Zacks Investment Research cut shares of Air Liquide SA (NASDAQ:AIQUY) from a hold rating to a sell rating in a research report released on Tuesday morning.

According to Zacks, “Air Liquide’s core business is to supply oxygen, nitrogen, hydrogen and many other gases and services to most industries (for example: steel, oil refining, chemicals, glass, electronics, healthcare, food processing, metallurgy, paper and aerospace). Their global presence (130 subsidiaries in more than 65 countries) allows them to combine the resources and expertise of a global enterprise with a powerful local presence based on independent customer-focused teams. “

Shares of Air Liquide SA (NASDAQ:AIQUY) opened at 20.3495 on Tuesday. The firm has a market cap of $35.04 billion and a PE ratio of 18.3395. The stock has a 50 day moving average price of $21.69 and a 200-day moving average price of $21.54. Air Liquide SA has a 52-week low of $19.33 and a 52-week high of $27.53.

A hedge fund recently raised its stake in Air Liquide SA stock. Parametric Portfolio Associates LLC increased its position in Air Liquide SA (NASDAQ:AIQUY) by 14.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 686,857 shares of the company’s stock after buying an additional 84,462 shares during the period. Parametric Portfolio Associates LLC’s holdings in Air Liquide SA were worth $14,445,000 as of its most recent SEC filing.

About Air Liquide SA

AIR LIQUIDE, SA is a provider of gases, technologies and services to a range of industries, such as steel industry, food and beverage, electronics or pharmaceuticals. The Company classifies its activities as Gas and Services, Engineering and Technology, and Other Activities. Its Gas and Services activities supplies a range of gases, application equipment and associated services to technology, research, materials, energy, automotive, manufacturing, food, pharmaceuticals, craftsmen, and network industries.

5 Day Chart for NASDAQ:AIQUY

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