L’Air Liquide (OTCMKTS:AIQUY) Reaches New 52-Week High – Here’s What Happened

L’Air Liquide S.A. (OTCMKTS:AIQUY)’s share price reached a new 52-week high on Monday . The stock traded as high as $39.98 and last traded at $39.63, with a volume of 274993 shares changing hands. The stock had previously closed at $39.30.

Wall Street Analysts Forecast Growth

Separately, Redburn Atlantic raised shares of L’Air Liquide from a “hold” rating to a “strong-buy” rating in a report on Friday, January 24th.

L’Air Liquide Stock Performance

The firm has a 50-day moving average price of $35.04 and a 200 day moving average price of $35.35. The company has a current ratio of 0.77, a quick ratio of 0.57 and a debt-to-equity ratio of 0.32.

Institutional Trading of L’Air Liquide

Hedge funds have recently added to or reduced their stakes in the business. SVB Wealth LLC bought a new stake in shares of L’Air Liquide in the 4th quarter valued at about $248,000. Hancock Whitney Corp increased its position in shares of L’Air Liquide by 8.7% during the third quarter. Hancock Whitney Corp now owns 16,872 shares of the basic materials company’s stock valued at $652,000 after buying an additional 1,356 shares during the period. Madison Investment Advisors LLC bought a new position in L’Air Liquide in the fourth quarter worth about $1,147,000. Finally, Rhumbline Advisers lifted its holdings in L’Air Liquide by 5.8% in the fourth quarter. Rhumbline Advisers now owns 61,579 shares of the basic materials company’s stock worth $1,986,000 after buying an additional 3,371 shares during the period. 0.01% of the stock is owned by institutional investors.

L’Air Liquide Company Profile

L'Air Liquide SA provides gases, technologies, and services for the industrial and health sectors in Europe, the Americas, the Asia Pacific, the Middle East, and Africa. It operates in Gas & Services, Engineering & Construction, and Global Markets & Technologies segments. The Gas & Services segment comprises large industries business, which offers gas and energy solutions including oxygen, nitrogen, argon, hydrogen, and carbon monoxide, as well as operates cogeneration plants to supply steam and electricity to metals, chemicals, refining, and energy industries; and industrial merchant business line provides industrial gases, equipment, hardgoods, and associated services to materials and energy, automotive and manufacturing, food and pharmaceuticals, technology and research, and craftsmen and retail sectors.