Air Liquide (OTCMKTS:AIQUY) Stock Passes Above 50 Day Moving Average – What’s Next?

Air Liquide (OTCMKTS:AIQUY) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $39.79 and traded as high as $40.16. Air Liquide shares last traded at $39.80, with a volume of 105,862 shares.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AIQUY. Citigroup reissued a “buy” rating on shares of Air Liquide in a research report on Wednesday, July 29th. Morgan Stanley raised Air Liquide from an “underweight” rating to an “overweight” rating in a research report on Monday, July 20th. Finally, Zacks Research upgraded Air Liquide from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 29th. One research analyst has 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 data from MarketBeat, the company has a consensus rating of “Buy”.

Air Liquide Trading Down 0.1%

The company’s 50 day simple moving average is $39.79 and its 200-day simple moving average is $40.36. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.90 and a current ratio of 1.14.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Air Liquide stock. Madison Asset Management LLC boosted its position in Air Liquide (OTCMKTS:AIQUY) by 6.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,573 shares of the basic materials company’s stock after purchasing an additional 2,061 shares during the period. Madison Asset Management LLC’s holdings in Air Liquide were worth $1,352,000 as of its most recent SEC filing. 0.03% of the stock is 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.