L'Air Liquide (OTCMKTS:AIQUY) Hits New 1-Year High - What's Next?

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

Analyst Ratings Changes

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

L'Air Liquide Price Performance

The firm's 50 day moving average is $40.83 and its 200-day moving average is $37.20. The company has a quick ratio of 0.57, a current ratio of 0.77 and a debt-to-equity ratio of 0.32.

L'Air Liquide Cuts Dividend

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

Institutional Investors Weigh In On L'Air Liquide

A number of large investors have recently added to or reduced their stakes in AIQUY. Rhumbline Advisers raised its position in shares of L'Air Liquide by 14.7% in the first quarter. Rhumbline Advisers now owns 70,634 shares of the basic materials company's stock valued at $2,686,000 after purchasing an additional 9,055 shares during the period. Hancock Whitney Corp grew its stake in L'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 buying an additional 547 shares during the last quarter. Corient IA LLC bought a new position in L'Air Liquide in the 1st quarter worth $757,000. Accent Capital Management LLC acquired a new position in L'Air Liquide during the 1st quarter worth $34,000. Finally, First Horizon Advisors Inc. boosted its holdings in L'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 valued at $40,000 after acquiring an additional 286 shares during the period. Institutional investors own 0.01% of the company's stock.

About L'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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