Air Liquide (OTCMKTS:AIQUY) Sees Strong Trading Volume – What’s Next?

Shares of Air Liquide (OTCMKTS:AIQUY) saw strong trading volume on Friday. 659,274 shares were traded during trading, an increase of 137% from the previous session’s volume of 277,845 shares. The stock last traded at $39.0265 and had previously closed at $39.07.

Wall Street Analyst Weigh In

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

Air Liquide Trading Down 0.2%

The stock has a 50 day moving average of $38.64 and a 200 day moving average of $40.08. 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 Investors Weigh In On Air Liquide

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of Air Liquide by 25.9% in the 2nd quarter. GAMMA Investing LLC now owns 10,977 shares of the basic materials company’s stock valued at $433,000 after purchasing an additional 2,259 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in Air Liquide by 4.6% in the third quarter. Sterling Capital Management LLC now owns 13,518 shares of the basic materials company’s stock valued at $525,000 after buying an additional 593 shares during the period. Finally, Madison Asset Management LLC lifted its holdings in Air Liquide by 6.8% in the first quarter. Madison Asset Management LLC now owns 32,573 shares of the basic materials company’s stock valued at $1,352,000 after buying an additional 2,061 shares during the period. 0.03% of the stock is owned by institutional investors.

About Air Liquide

Air Liquide is a global supplier of industrial, medical and specialty gases, along with related technologies and services. The company produces and distributes gases such as oxygen, nitrogen, hydrogen, argon, carbon dioxide and helium for use in industries including manufacturing, chemicals, energy, electronics, food and beverages, and scientific research. Its offerings also include gas-management systems, equipment and process solutions designed to support customers’ production and safety requirements.

Through its healthcare activities, Air Liquide supplies medical gases, respiratory-care products and services to hospitals, healthcare professionals and patients receiving care at home.