Linde (ETR:LIN) Shares Cross Above 200 Day Moving Average - Here's Why

Key Points

• Linde plc's stock price recently crossed above its 200-day moving average, indicating a potential bullish trend, with current trading at €405.00.
• The company's market capitalization stands at $200.43 billion, with a P/E ratio of 31.50 highlighting its valuation in the industrial gas sector.
• Linde operates globally, providing a variety of industrial gases, including oxygen, nitrogen, and hydrogen, essential for various industries.

Linde plc (ETR:LIN - )'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of €405.69 ($477.28) and traded as high as €407.60 ($479.53). Linde shares last traded at €405.00 ($476.47), with a volume of 11,643 shares changing hands.

Linde Stock Down 0.3%

The company has a market capitalization of $200.43 billion, a P/E ratio of 31.50, a price-to-earnings-growth ratio of 2.63 and a beta of 0.88. The stock's fifty day moving average is €404.93 and its 200 day moving average is €405.69. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of 56.83.

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.

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