L'Air Liquide (OTCMKTS:AIQUY) Shares Pass Below 50-Day Moving Average - What's Next?

L'Air Liquide S.A. (OTCMKTS:AIQUY - Get Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $37.27 and traded as low as $35.25. L'Air Liquide shares last traded at $37.51, with a volume of 459,878 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Citigroup reiterated a "buy" rating on shares of L'Air Liquide in a research note on Monday, March 24th. 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 Stock Down 0.6 %

The company has a quick ratio of 0.57, a current ratio of 0.77 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average price of $37.49 and a two-hundred day moving average price of $35.47.

Hedge Funds Weigh In On L'Air Liquide

Several hedge funds have recently added to or reduced their stakes in AIQUY. GAMMA Investing LLC lifted its holdings in shares of L'Air Liquide by 52.2% in the 1st quarter. GAMMA Investing LLC now owns 4,629 shares of the basic materials company's stock valued at $176,000 after purchasing an additional 1,588 shares during the last quarter. Rhumbline Advisers lifted its stake in L'Air Liquide by 14.7% in the first quarter. Rhumbline Advisers now owns 70,634 shares of the basic materials company's stock valued at $2,686,000 after buying an additional 9,055 shares during the last quarter. Boston Common Asset Management LLC boosted its holdings in shares of L'Air Liquide by 72.8% in the first quarter. Boston Common Asset Management LLC now owns 108,298 shares of the basic materials company's stock valued at $4,098,000 after acquiring an additional 45,612 shares during the period. Madison Investment Advisors LLC purchased a new position in shares of L'Air Liquide during the fourth quarter worth approximately $1,147,000. Finally, SVB Wealth LLC acquired a new position in shares of L'Air Liquide in the 4th quarter valued at $248,000. 0.01% of the stock is currently owned by hedge funds and other institutional investors.

About L'Air Liquide

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.