Air Liquide (OTCMKTS:AIQUY) Hits New 1-Year High - Should You Buy?

Key Points

• Air Liquide's stock reached a new 52-week high of $42.70 during mid-day trading, reflecting positive market momentum.
• Analyst ratings for Air Liquide show a consensus of Moderate Buy, with recent downgrades from JPMorgan Chase & Co. from "overweight" to "neutral".
• Institutional investors have recently increased their stakes in Air Liquide, with significant purchases by firms like GAMMA Investing LLC and First Horizon Advisors Inc.

Shares of Air Liquide (OTCMKTS:AIQUY - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $42.70 and last traded at $42.66, with a volume of 23839 shares trading hands. The stock had previously closed at $42.02.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Air Liquide from an "overweight" rating to a "neutral" rating in a research note on Tuesday, April 29th. Santander started coverage on Air Liquide in a research note on Tuesday, May 27th. They set a "neutral" rating on the stock. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Air Liquide Stock Performance

The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 0.34. The business's fifty day simple moving average is $40.95 and its 200-day simple moving average is $39.80.

Institutional Trading of Air Liquide

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in Air Liquide by 52.2% in the 1st quarter. GAMMA Investing LLC now owns 4,629 shares of the basic materials company's stock valued at $176,000 after acquiring an additional 1,588 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Air Liquide by 14.7% in the 1st quarter. Rhumbline Advisers now owns 70,634 shares of the basic materials company's stock worth $2,686,000 after buying an additional 9,055 shares during the last quarter. Boston Common Asset Management LLC increased its holdings in shares of Air Liquide by 72.8% in the 1st quarter. Boston Common Asset Management LLC now owns 108,298 shares of the basic materials company's stock worth $4,098,000 after buying an additional 45,612 shares during the last quarter. Accent Capital Management LLC bought a new stake in shares of Air Liquide in the 1st quarter worth about $34,000. Finally, First Horizon Advisors Inc. increased its holdings in shares of Air Liquide by 37.8% in the 1st quarter. First Horizon Advisors Inc. now owns 1,042 shares of the basic materials company's stock worth $40,000 after buying an additional 286 shares during the last quarter. 0.01% of the stock is currently owned by institutional investors.

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.