Linde (ETR:LIN) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Linde crossed above its 200-day moving average during Wednesday trading; the 200-day MA is €390.03, the stock traded as high as €440.80 and last at €438.40 on a volume of 49,846 shares.
• The company has a market capitalization of $215.03 billion with a P/E of 33.79 and P/E/G of 2.63, but shows relatively low liquidity (current ratio 0.88, quick ratio 0.56) and a high debt-to-equity of 70.57.
• Linde is a global industrial gas provider that supplies atmospheric and process gases and designs turnkey process plants across the Americas, EMEA, Asia, and the South Pacific.

Shares of Linde plc (ETR:LIN - ) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of €390.03 and traded as high as €440.80. Linde shares last traded at €438.40, with a volume of 49,846 shares trading hands.

Linde Stock Performance

The stock's 50-day moving average price is €425.24 and its 200-day moving average price is €390.03. The company has a current ratio of 0.88, a quick ratio of 0.56 and a debt-to-equity ratio of 70.57. The company has a market capitalization of $215.03 billion, a P/E ratio of 33.79, a P/E/G ratio of 2.63 and a beta of 0.83.

About Linde

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. The company also designs and constructs turnkey process plants for third-party customers, as well as for the gas businesses in various locations, such as air separation, hydrogen, synthesis, olefin, and natural gas plants.

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