Air Liquide (OTCMKTS:AIQUY) Shares Gap Down - Here's Why

Key Points

• Shares of Air Liquide gapped down from $41.33 to $40.30 before opening and last traded at $40.38, indicating volatility in the stock's performance.
• Institutional investors significantly increased their stakes during the first and second quarters, with GAMMA Investing LLC boosting its holdings by 5,687.4%.
• Air Liquide operates across various sectors, providing gases, technologies, and services for industrial and health needs globally.

Shares of Air Liquide (OTCMKTS:AIQUY - ) gapped down before the market opened on Friday . The stock had previously closed at $41.33, but opened at $40.30. Air Liquide shares last traded at $40.38, with a volume of 14,803 shares trading hands.

Air Liquide Stock Performance

The company's fifty day moving average is $41.10 and its 200-day moving average is $40.59. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.84.

Institutional Investors Weigh In On Air Liquide

A number of large investors have recently made changes to their positions in AIQUY. GAMMA Investing LLC grew its holdings in shares of 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 valued at $6,691,000 after buying an additional 172,954 shares during the last quarter. Corient IA LLC purchased a new stake in shares of Air Liquide during the first quarter valued at $757,000. Rhumbline Advisers grew its holdings in shares of Air Liquide by 14.7% during the first quarter. Rhumbline Advisers now owns 70,634 shares of the basic materials company's stock valued at $2,686,000 after buying an additional 9,055 shares during the last quarter. Kornitzer Capital Management Inc. KS purchased a new stake in shares of Air Liquide during the second quarter valued at $208,000. Finally, Moloney Securities Asset Management LLC grew its holdings in shares of Air Liquide by 10.5% during the second quarter. Moloney Securities Asset Management LLC now owns 31,552 shares of the basic materials company's stock valued at $1,297,000 after buying an additional 3,000 shares during the last quarter. 0.01% of the stock is owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.