Air Liquide (OTCMKTS:AIQUY) Hits New 1-Year High - Here's What Happened

Air Liquide (OTCMKTS:AIQUY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $42.68 and last traded at $42.20, with a volume of 97419 shares traded. The stock had previously closed at $41.99.

Analyst Ratings Changes

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

Air Liquide Stock Down 1.5%

The business has a 50 day moving average of $41.08 and a 200 day moving average of $37.32. The company has a quick ratio of 0.65, a current ratio of 0.88 and a debt-to-equity ratio of 0.30.

Air Liquide Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 12th. Shareholders of record on Monday, May 19th were issued a $0.5257 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a yield of 1.26%.

Institutional Investors Weigh In On Air Liquide

Several institutional investors and hedge funds have recently modified their holdings of the stock. Accent Capital Management LLC bought a new position in Air Liquide in the first quarter worth about $34,000. First Horizon Advisors Inc. grew its holdings in shares of Air Liquide by 37.8% during the 1st 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 period. GAMMA Investing LLC raised its position in shares of Air Liquide by 52.2% in the 1st quarter. GAMMA Investing LLC now owns 4,629 shares of the basic materials company's stock worth $176,000 after acquiring an additional 1,588 shares in the last quarter. SVB Wealth LLC purchased a new position in shares of Air Liquide in the 4th quarter valued at approximately $248,000. Finally, Hancock Whitney Corp lifted its stake in shares of Air Liquide by 3.2% in the 1st quarter. Hancock Whitney Corp now owns 17,545 shares of the basic materials company's stock valued at $667,000 after purchasing an additional 547 shares during the period. 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.