Air Liquide (OTCMKTS:AIQUY) Sees Large Volume Increase - Here's Why

Air Liquide (OTCMKTS:AIQUY - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 1,166,249 shares changed hands during trading, an increase of 354% from the previous session's volume of 256,898 shares.The stock last traded at $40.21 and had previously closed at $40.75.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. cut Air Liquide from an "overweight" rating to a "neutral" rating in a research note on Tuesday, April 29th. Santander assumed coverage on Air Liquide in a research note on Tuesday, May 27th. They issued a "neutral" rating for the company. Finally, Citigroup reaffirmed a "buy" rating on shares of Air Liquide in a report on Monday, March 24th.

Air Liquide Stock Down 1.2%

The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.65 and a current ratio of 0.88. The business's 50-day simple moving average is $41.37 and its 200-day simple moving average is $38.42.

Air Liquide Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 12th. Shareholders of record on Monday, May 19th were given a dividend of $0.5257 per share. This represents a yield of 1.26%. The ex-dividend date was Friday, May 16th.

Institutional Trading of Air Liquide

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in Air Liquide by 5,687.4% during the first quarter. GAMMA Investing LLC now owns 175,995 shares of the basic materials company's stock worth $6,691,000 after acquiring an additional 172,954 shares during the period. Boston Common Asset Management LLC grew its holdings in Air Liquide by 72.8% during the first quarter. Boston Common Asset Management LLC now owns 108,298 shares of the basic materials company's stock worth $4,098,000 after acquiring an additional 45,612 shares during the period. Rhumbline Advisers grew its holdings in Air Liquide by 14.7% during the first quarter. Rhumbline Advisers now owns 70,634 shares of the basic materials company's stock worth $2,686,000 after acquiring an additional 9,055 shares during the period. Madison Investment Advisors LLC acquired a new stake in Air Liquide during the fourth quarter worth about $1,147,000. Finally, Corient IA LLC acquired a new stake in Air Liquide during the first quarter worth about $757,000. 0.01% of the stock is owned by institutional investors and hedge funds.

About Air Liquide

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.