Air Liquide (OTCMKTS:AIQUY) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Air Liquide (OTCMKTS:AIQUY)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $39.66 and traded as low as $38.62. Air Liquide shares last traded at $38.70, with a volume of 118,275 shares.

Analysts Set New Price Targets

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

Air Liquide Trading Down 0.3%

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 business has a 50 day simple moving average of $39.60 and a 200 day simple moving average of $40.47.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Air Liquide stock. GAMMA Investing LLC boosted its stake in shares of Air Liquide (OTCMKTS:AIQUY) by 25.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,977 shares of the basic materials company’s stock after acquiring an additional 2,259 shares during the quarter. GAMMA Investing LLC’s holdings in Air Liquide were worth $433,000 as of its most recent SEC filing. Hedge funds and other 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.