Linde (ETR:LIN) Stock Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Linde crossed above its 200-day moving average (200‑day MA €390.97) on Thursday, trading as high as €429.00 and last at €427.80 on volume of 22,612 shares, despite being down about 1.4% intraday.
• Valuation and balance-sheet snapshot: market cap €209.27 billion, P/E 32.89 and PEG 2.63, with a debt-to-equity ratio of 68.24 and relatively weak liquidity (current ratio 0.83, quick ratio 0.56).

Linde plc (ETR:LIN - ) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of €390.97 and traded as high as €429.00. Linde shares last traded at €427.80, with a volume of 22,612 shares trading hands.

Linde Trading Down 1.4%

The company's 50 day moving average price is €426.19 and its 200 day moving average price is €390.97. The company has a debt-to-equity ratio of 68.24, a current ratio of 0.83 and a quick ratio of 0.56. The firm has a market cap of $209.27 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 2.63 and a beta of 0.83.

Linde Company Profile

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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