L’Air Liquide (OTCMKTS:AIQUY) Sets New 12-Month High – Here’s Why

L’Air Liquide S.A. (OTCMKTS:AIQUY)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $39.98 and last traded at $39.63, with a volume of 274993 shares changing hands. The stock had previously closed at $39.30.

Wall Street Analysts Forecast Growth

Separately, Redburn Atlantic raised shares of L’Air Liquide from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th.

L’Air Liquide Stock Up 0.2 %

The company has a quick ratio of 0.57, a current ratio of 0.77 and a debt-to-equity ratio of 0.32. The stock has a 50 day simple moving average of $35.04 and a 200 day simple moving average of $35.35.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AIQUY. Hancock Whitney Corp increased its stake in shares of L’Air Liquide by 8.7% in the third quarter. Hancock Whitney Corp now owns 16,872 shares of the basic materials company’s stock worth $652,000 after purchasing an additional 1,356 shares in the last quarter. Rhumbline Advisers grew its position in shares of L’Air Liquide by 5.8% in the fourth quarter. Rhumbline Advisers now owns 61,579 shares of the basic materials company’s stock valued at $1,986,000 after purchasing an additional 3,371 shares in the last quarter. SVB Wealth LLC purchased a new stake in L’Air Liquide during the 4th quarter worth about $248,000. Finally, Madison Investment Advisors LLC purchased a new position in L’Air Liquide during the 4th quarter valued at about $1,147,000. 0.01% of the stock is owned by institutional investors.

L’Air Liquide Company Profile

L'Air Liquide SA provides gases, technologies, and services for the industrial and health sectors in Europe, the Americas, the Asia Pacific, the Middle East, and Africa. It operates in Gas & Services, Engineering & Construction, and Global Markets & Technologies segments. The Gas & Services segment comprises large industries business, which offers gas and energy solutions including oxygen, nitrogen, argon, hydrogen, and carbon monoxide, as well as operates cogeneration plants to supply steam and electricity to metals, chemicals, refining, and energy industries; and industrial merchant business line provides industrial gases, equipment, hardgoods, and associated services to materials and energy, automotive and manufacturing, food and pharmaceuticals, technology and research, and craftsmen and retail sectors.