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

Linde logo with Basic Materials background

Key Points

  • Linde plc shares have surpassed their 200-day moving average of €407.70 ($479.65), trading at €409.00 ($481.18) during recent sessions.
  • The company has a market capitalization of $204.31 billion and a PE ratio of 32.11, indicating strong valuation metrics.
  • Linde operates as an industrial gas company, providing atmospheric and process gases across various regions, including Americas, Europe, and Asia.
  • Five stocks to consider instead of Linde.

Linde plc (ETR:LIN - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of €407.70 ($479.65) and traded as high as €409.00 ($481.18). Linde shares last traded at €409.00 ($481.18), with a volume of 17,105 shares traded.

Linde Trading Up 0.2%

The company has a quick ratio of 0.56, a current ratio of 0.96 and a debt-to-equity ratio of 56.83. The firm has a market cap of $198.35 billion, a P/E ratio of 31.17, a P/E/G ratio of 2.63 and a beta of 0.88. The company's 50 day simple moving average is €404.79 and its 200-day simple moving average is €406.59.

About Linde

(Get Free Report)

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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