Air Liquide (OTCMKTS:AIQUY) Sees Strong Trading Volume – Time to Buy?

Air Liquide (OTCMKTS:AIQUY) shares saw an uptick in trading volume on Thursday . 1,078,267 shares traded hands during trading, an increase of 247% from the previous session’s volume of 310,750 shares.The stock last traded at $39.78 and had previously closed at $40.27.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Air Liquide in a report on Wednesday, October 29th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Air Liquide Price Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.84. The business has a 50-day simple moving average of $37.56 and a two-hundred day simple moving average of $39.28.

Institutional Investors Weigh In On Air Liquide

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AIQUY. Salomon & Ludwin LLC raised its holdings in Air Liquide by 1,692.0% during the third quarter. Salomon & Ludwin LLC now owns 1,344 shares of the basic materials company’s stock worth $54,000 after acquiring an additional 1,269 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of Air Liquide by 49.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,556 shares of the basic materials company’s stock worth $64,000 after purchasing an additional 514 shares during the last quarter. Kornitzer Capital Management Inc. KS bought a new stake in shares of Air Liquide during the 2nd quarter worth approximately $208,000. GAMMA Investing LLC boosted its holdings in shares of Air Liquide by 15.3% in the 3rd quarter. GAMMA Investing LLC now owns 7,822 shares of the basic materials company’s stock valued at $324,000 after buying an additional 1,039 shares during the last quarter. Finally, Moloney Securities Asset Management LLC grew its stake in shares of Air Liquide by 10.5% in the second quarter. Moloney Securities Asset Management LLC now owns 31,552 shares of the basic materials company’s stock valued at $1,297,000 after buying an additional 3,000 shares in the last quarter. 0.03% of the stock is currently owned by institutional investors and hedge funds.

Air Liquide Company Profile

Air Liquide is a Paris‑headquartered multinational that develops, manufactures and supplies industrial and medical gases, related equipment and services. Founded in 1902, the company has grown into a major global supplier of gases such as oxygen, nitrogen, argon, hydrogen and a wide range of specialty gases used across industrial, healthcare and research applications.

Its core activities include on‑site gas production, bulk and packaged gas distribution (cylinders and cryogenic deliveries), installation and maintenance of gas handling and storage equipment, and engineering for large industrial gas projects.