Air Liquide (OTCMKTS:AIQUY) Stock Price Breaks Above 200 Day Moving Average – Should You Sell?

Air Liquide (OTCMKTS:AIQUY)’s share price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $39.83 and traded as high as $40.4130. Air Liquide shares last traded at $40.37, with a volume of 109,277 shares.

Wall Street Analyst Weigh In

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

Air Liquide Stock Performance

The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.68 and a current ratio of 0.87. The stock’s 50 day simple moving average is $38.69 and its two-hundred day simple moving average is $39.83.

Institutional Trading of Air Liquide

Several institutional investors have recently made changes to their positions in the business. Madison Asset Management LLC acquired a new position in Air Liquide in the second quarter worth about $1,402,000. Sterling Capital Management LLC lifted its stake in Air Liquide by 4.6% during the third quarter. Sterling Capital Management LLC now owns 13,518 shares of the basic materials company’s stock worth $525,000 after purchasing an additional 593 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Air Liquide by 22.8% during the third quarter. GAMMA Investing LLC now owns 13,484 shares of the basic materials company’s stock worth $519,000 after purchasing an additional 2,507 shares during the period. 0.03% of the stock is currently owned by institutional investors and hedge funds.

Air Liquide Company Profile

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.