Air Liquide (OTCMKTS:AIQUY) Sets New 52-Week High – Time to Buy?

Air Liquide (OTCMKTS:AIQUY)’s share price reached a new 52-week high during trading on Thursday. The company traded as high as $42.96 and last traded at $42.87, with a volume of 4,152 shares traded. The stock had previously closed at $42.55.

Wall Street Analysts Forecast Growth

AIQUY has been the subject of several recent research reports. Mizuho upgraded shares of 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 research report on Monday, July 20th. Zacks Research lowered shares of Air Liquide from a “hold” rating to a “strong sell” rating in a report on Friday, October 30th. Finally, Citigroup reaffirmed a “buy” rating on shares of Air Liquide in a research report on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Air Liquide has a consensus rating of “Buy”.

Air Liquide Stock Performance

The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average price of $39.12 and a two-hundred day moving average price of $40.03.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AIQUY. First Command Advisory Services Inc. grew its stake in Air Liquide by 274.6% during the 3rd quarter. First Command Advisory Services Inc. now owns 1,502 shares of the basic materials company’s stock worth $58,000 after buying an additional 1,101 shares during the last quarter. GAMMA Investing LLC lifted its stake in Air Liquide by 25.9% in the second quarter. GAMMA Investing LLC now owns 10,977 shares of the basic materials company’s stock valued at $433,000 after buying an additional 2,259 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Air Liquide by 4.6% in the third quarter. Sterling Capital Management LLC now owns 13,518 shares of the basic materials company’s stock valued at $525,000 after buying an additional 593 shares during the last quarter. Finally, Madison Asset Management LLC boosted its holdings in shares of Air Liquide by 6.8% during the first quarter. Madison Asset Management LLC now owns 32,573 shares of the basic materials company’s stock valued at $1,352,000 after acquiring an additional 2,061 shares during the period. 0.03% of the stock is currently owned by institutional investors.

Air Liquide Company Profile

Air Liquide is a France-based group that supplies industrial and medical gases, technologies, and services to customers around the world. Founded in 1902, the company grew from the development of technology to separate gases from air. Its products include oxygen, nitrogen, argon, hydrogen, and specialty gases, along with equipment and services for producing and managing gas supplies. Air Liquide serves a range of industries, including healthcare, electronics, chemicals, energy, and manufacturing.