L'Air Liquide (OTCMKTS:AIQUY) Reaches New 1-Year High - Time to Buy?

Shares of L'Air Liquide S.A. (OTCMKTS:AIQUY - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $40.21 and last traded at $40.00, with a volume of 229159 shares. The stock had previously closed at $39.25.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AIQUY shares. Redburn Atlantic upgraded shares of L'Air Liquide from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 24th. Citigroup reaffirmed a "buy" rating on shares of L'Air Liquide in a research note on Monday, March 24th.

L'Air Liquide Stock Performance

The company has a current ratio of 0.77, a quick ratio of 0.57 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average of $37.90 and a 200 day moving average of $35.53.

Hedge Funds Weigh In On L'Air Liquide

Several large investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of L'Air Liquide by 52.2% during the 1st quarter. GAMMA Investing LLC now owns 4,629 shares of the basic materials company's stock valued at $176,000 after acquiring an additional 1,588 shares during the last quarter. SVB Wealth LLC bought a new stake in L'Air Liquide in the fourth quarter valued at about $248,000. Madison Investment Advisors LLC acquired a new position in shares of L'Air Liquide during the 4th quarter worth about $1,147,000. Rhumbline Advisers raised its position in shares of L'Air Liquide by 5.8% in the 4th 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. Finally, Boston Common Asset Management LLC grew its holdings in shares of L'Air Liquide by 72.8% in the 1st quarter. Boston Common Asset Management LLC now owns 108,298 shares of the basic materials company's stock valued at $4,098,000 after buying an additional 45,612 shares during the period. Institutional investors and hedge funds own 0.01% of the company's stock.

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.

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