L'Air Liquide (OTCMKTS:AIQUY) Reaches New 52-Week High - Still a Buy?

Shares of L'Air Liquide S.A. (OTCMKTS:AIQUY - Get Free Report) hit a new 52-week high on Monday . The company 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.

Analysts Set New Price Targets

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

L'Air Liquide Stock Performance

The stock's fifty day simple moving average is $35.31 and its two-hundred day simple moving average is $35.40. The company has a current ratio of 0.77, a quick ratio of 0.57 and a debt-to-equity ratio of 0.32.

Hedge Funds Weigh In On L'Air Liquide

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SVB Wealth LLC purchased a new stake in L'Air Liquide during the fourth quarter valued at about $248,000. Hancock Whitney Corp lifted its position in L'Air Liquide by 8.7% in the third quarter. Hancock Whitney Corp now owns 16,872 shares of the basic materials company's stock worth $652,000 after purchasing an additional 1,356 shares during the period. Madison Investment Advisors LLC bought a new position in shares of L'Air Liquide during the fourth quarter valued at $1,147,000. Finally, Rhumbline Advisers lifted its holdings in shares of L'Air Liquide by 5.8% during the fourth quarter. Rhumbline Advisers now owns 61,579 shares of the basic materials company's stock valued at $1,986,000 after acquiring an additional 3,371 shares during the period. Institutional investors own 0.01% of the company's stock.

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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.