Air Liquide (OTCMKTS:AIQUY) Shares Pass Below Fifty Day Moving Average - Should You Sell?

Key Points

• Air Liquide shares fell below their 50-day moving average, trading as low as $38.62 versus the $39.66 average, and last changed hands at $38.70.
• Despite the technical weakness, analysts remain broadly positive: MarketBeat reports a consensus “Buy” rating, including recent upgrades from Mizuho and Morgan Stanley.
• Air Liquide operates globally in industrial and healthcare gases, with businesses spanning oxygen, hydrogen, low-carbon industry, energy transition and related equipment.

Air Liquide (OTCMKTS:AIQUY - Get Free Report)'s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $39.66 and traded as low as $38.62. Air Liquide shares last traded at $38.70, with a volume of 118,275 shares.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AIQUY shares. Mizuho upgraded shares of Air Liquide to a "strong-buy" rating in a research report on Monday, August 31st. Zacks Research raised Air Liquide from a "strong sell" rating to a "hold" rating in a research report on Wednesday, July 29th. Morgan Stanley upgraded Air Liquide from an "underweight" rating to an "overweight" rating in a research note on Monday, July 20th. Finally, Citigroup restated a "buy" rating on shares of Air Liquide in a research note on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Air Liquide presently has a consensus rating of "Buy".

Air Liquide Stock Down 1.0%

The firm's 50 day moving average is $39.66 and its 200-day moving average is $40.48. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 0.41.

Institutional Trading of Air Liquide

A hedge fund recently raised its stake in Air Liquide stock. Madison Asset Management LLC increased its holdings in shares of Air Liquide (OTCMKTS:AIQUY - Free Report) by 6.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,573 shares of the basic materials company's stock after buying an additional 2,061 shares during the period. Madison Asset Management LLC's holdings in Air Liquide were worth $1,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 0.03% of the stock is currently owned by hedge funds and other institutional investors.

About Air Liquide

Air Liquide OTCMKTS: AIQUY is a global industrial and healthcare gases company that supplies essential gases, technologies and related services to customers across a range of industries. Its products include oxygen, nitrogen, hydrogen, argon, carbon dioxide and specialty gases, which are used in manufacturing, chemicals, energy, food and beverage, electronics, healthcare and scientific research.

The company also designs and operates gas production and distribution systems, provides industrial and medical equipment, and develops solutions related to hydrogen, low-carbon industry and the energy transition.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.