L'Air Liquide (OTCMKTS:AIQUY) Hits New 52-Week High - Here's Why

L'Air Liquide S.A. (OTCMKTS:AIQUY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $39.98 and last traded at $39.63, with a volume of 274993 shares trading hands. The stock had previously closed at $39.30.

Analyst Ratings Changes

Separately, Redburn Atlantic upgraded 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 Trading Up 1.5 %

The firm's 50 day simple moving average is $35.46 and its 200 day simple moving average is $35.40. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.57 and a current ratio of 0.77.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AIQUY. Madison Investment Advisors LLC purchased a new position in shares of L'Air Liquide during the fourth quarter worth approximately $1,147,000. SVB Wealth LLC purchased a new position in shares of L'Air Liquide in the fourth quarter worth $248,000. Rhumbline Advisers increased its stake in shares of L'Air Liquide by 5.8% in the fourth quarter. Rhumbline Advisers now owns 61,579 shares of the basic materials company's stock worth $1,986,000 after buying an additional 3,371 shares during the period. Finally, Hancock Whitney Corp increased its stake in shares of 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 buying an additional 1,356 shares during the period. 0.01% of the stock is owned by hedge funds and other institutional investors.

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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.