Zacks Research Upgrades Air Liquide (OTCMKTS:AIQUY) to Hold

Air Liquide (OTCMKTS:AIQUY) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other brokerages have also commented on AIQUY. Morgan Stanley raised Air Liquide from an “underweight” rating to an “overweight” rating in a report on Monday, July 20th. Kepler Capital Markets upgraded Air Liquide from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Finally, Citigroup reaffirmed a “buy” rating on shares of Air Liquide in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Air Liquide has a consensus rating of “Buy”.

Air Liquide Trading Up 1.1%

AIQUY opened at $39.60 on Wednesday. Air Liquide has a fifty-two week low of $32.88 and a fifty-two week high of $41.24. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.90 and a current ratio of 1.14. The company’s 50-day moving average is $40.07 and its 200 day moving average is $40.28.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Air Liquide stock. Madison Asset Management LLC raised its position in Air Liquide (OTCMKTS:AIQUY) by 6.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 SEC. Institutional investors and hedge funds own 0.03% of the company’s stock.

About Air Liquide

Air Liquide is a Paris‑headquartered multinational that develops, manufactures and supplies industrial and medical gases, related equipment and services. Founded in 1902, the company has grown into a major global supplier of gases such as oxygen, nitrogen, argon, hydrogen and a wide range of specialty gases used across industrial, healthcare and research applications.

Its core activities include on‑site gas production, bulk and packaged gas distribution (cylinders and cryogenic deliveries), installation and maintenance of gas handling and storage equipment, and engineering for large industrial gas projects.