L'Air Liquide (OTCMKTS:AIQUY) Sets New 52-Week High - Time to Buy?

Shares of L'Air Liquide S.A. (OTCMKTS:AIQUY - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $42.43 and last traded at $42.19, with a volume of 176070 shares traded. The stock had previously closed at $41.95.

Analyst Ratings Changes

A number of analysts have weighed in on AIQUY shares. Citigroup restated a "buy" rating on shares of L'Air Liquide in a report on Monday, March 24th. Santander started coverage on L'Air Liquide in a report on Tuesday, May 27th. They issued a "neutral" rating on the stock. Finally, JPMorgan Chase & Co. cut L'Air Liquide from an "overweight" rating to a "neutral" rating in a report on Tuesday, April 29th.

L'Air Liquide Price Performance

The business has a fifty day moving average price of $40.42 and a 200 day moving average price of $36.95. The company has a current ratio of 0.77, a quick ratio of 0.57 and a debt-to-equity ratio of 0.32.

L'Air Liquide Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, June 12th. Stockholders of record on Monday, May 19th will be issued a dividend of $0.5257 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a dividend yield of 1.26%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. grew its holdings in shares of L'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 purchasing an additional 286 shares in the last quarter. Hancock Whitney Corp raised its position 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. Accent Capital Management LLC acquired a new position in L'Air Liquide during the first quarter worth $34,000. GAMMA Investing LLC lifted its holdings in L'Air Liquide by 52.2% during the 1st 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 during the last quarter. Finally, Rhumbline Advisers lifted its position in L'Air Liquide by 5.8% during the fourth quarter. Rhumbline Advisers now owns 61,579 shares of the basic materials company's stock worth $1,986,000 after purchasing an additional 3,371 shares during the period. Institutional investors and hedge funds 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.