Air Liquide (OTCMKTS:AIQUY) Sees Strong Trading Volume – Here’s Why

Shares of Air Liquide (OTCMKTS:AIQUY) saw unusually-strong trading volume on Friday. 902,585 shares traded hands during mid-day trading, an increase of 225% from the previous session’s volume of 278,076 shares. The stock last traded at $38.15 and had previously closed at $37.36.

Wall Street Analysts Forecast Growth

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

Air Liquide Price Performance

The business’s 50-day moving average price is $39.03 and its 200 day moving average price is $40.25. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.87 and a quick ratio of 0.68.

Hedge Funds Weigh In On Air Liquide

A hedge fund recently raised its position in Air Liquide stock. GAMMA Investing LLC lifted its stake in shares of Air Liquide (OTCMKTS:AIQUY) by 25.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 10,977 shares of the basic materials company’s stock after acquiring an additional 2,259 shares during the period. GAMMA Investing LLC’s holdings in Air Liquide were worth $433,000 as of its most recent SEC filing. 0.03% of the stock is owned by institutional investors.

Air Liquide Company Profile

Air Liquide is a France-based industrial gases and healthcare company that supplies essential gases, technologies and services to customers across a range of industries. Its products include oxygen, nitrogen, hydrogen, argon, carbon dioxide and specialty gases used in manufacturing, chemicals, electronics, energy, food processing and research.

The company also provides medical gases, equipment and services for hospitals and healthcare providers, as well as home healthcare solutions for patients with respiratory conditions.