Air Liquide (OTCMKTS:AIQUY) Stock Price Crosses Below Fifty Day Moving Average - Time to Sell?

Key Points

• Air Liquide's stock price has crossed below its 50-day moving average of $40.96, trading as low as $40.93, and last priced at $41.10.
• Analyst ratings indicate a mixed outlook, with one "Strong Buy," one "Buy," and two "Hold" ratings, resulting in an average rating of "Moderate Buy."
• Several hedge funds, including First Horizon Advisors and GAMMA Investing, have recently increased their positions in Air Liquide, indicating growing institutional interest in the stock.

Air Liquide (OTCMKTS:AIQUY - Get Free Report)'s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $40.96 and traded as low as $40.93. Air Liquide shares last traded at $41.10, with a volume of 118,958 shares.

Analyst Upgrades and Downgrades

Separately, Santander initiated coverage on shares of Air Liquide in a research note on Tuesday, May 27th. They issued a "neutral" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy".

Air Liquide Stock Up 0.3%

The company has a current ratio of 0.84, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average of $40.96 and a two-hundred day moving average of $40.12.

Hedge Funds Weigh In On Air Liquide

A number of hedge funds have recently made changes to their positions in the stock. First Horizon Advisors Inc. raised its position in shares of Air Liquide by 37.8% during the first quarter. First Horizon Advisors Inc. now owns 1,042 shares of the basic materials company's stock worth $40,000 after acquiring an additional 286 shares during the last quarter. Rhumbline Advisers raised its position in shares of Air Liquide by 0.4% during the second quarter. Rhumbline Advisers now owns 70,948 shares of the basic materials company's stock worth $2,931,000 after acquiring an additional 314 shares during the last quarter. Hancock Whitney Corp raised its position in shares of Air Liquide by 3.2% during the first quarter. Hancock Whitney Corp now owns 17,545 shares of the basic materials company's stock worth $667,000 after acquiring an additional 547 shares during the last quarter. Accent Capital Management LLC bought a new stake in Air Liquide in the first quarter worth approximately $34,000. Finally, GAMMA Investing LLC increased its holdings in Air Liquide by 52.2% in the first quarter. GAMMA Investing LLC now owns 4,629 shares of the basic materials company's stock worth $176,000 after purchasing an additional 1,588 shares in the last quarter. 0.01% of the stock is currently owned by institutional investors.

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.

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