L’Air Liquide (OTCMKTS:AIQUY) Sets New 1-Year Low at $26.88

L’Air Liquide S.A. (OTCMKTS:AIQUY – Get Rating) reached a new 52-week low during trading on Friday . The company traded as low as $26.88 and last traded at $26.95, with a volume of 2226207 shares changing hands. The stock had previously closed at $27.45.

AIQUY has been the subject of a number of research reports. Kepler Capital Markets downgraded L’Air Liquide from a “buy” rating to a “hold” rating in a research report on Wednesday, March 30th. Credit Suisse Group initiated coverage on L’Air Liquide in a research report on Tuesday, April 26th. They set an “outperform” rating for the company. Berenberg Bank increased their target price on L’Air Liquide from €138.18 ($143.94) to €145.45 ($151.52) in a research report on Friday, April 22nd. Barclays increased their target price on L’Air Liquide from €168.18 ($175.19) to €170.00 ($177.08) in a research report on Friday, April 22nd. Finally, UBS Group raised their price target on L’Air Liquide from €157.27 ($163.83) to €160.91 ($167.61) and gave the stock a “buy” rating in a research report on Tuesday, April 5th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $156.18.

The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.70 and a current ratio of 0.89. The firm has a 50-day moving average price of $30.97 and a two-hundred day moving average price of $30.96.

The firm also recently declared a dividend, which was paid on Thursday, June 9th. Shareholders of record on Friday, May 13th were issued a $0.449 dividend. This represents a yield of 1.46%. The ex-dividend date was Thursday, May 12th.

Several institutional investors have recently added to or reduced their stakes in AIQUY. Silvercrest Asset Management Group LLC lifted its holdings in L’Air Liquide by 26.5% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 226,869 shares of the basic materials company’s stock valued at $7,911,000 after acquiring an additional 47,476 shares during the period. Scout Investments Inc. lifted its holdings in L’Air Liquide by 0.7% in the fourth quarter. Scout Investments Inc. now owns 99,192 shares of the basic materials company’s stock valued at $3,459,000 after acquiring an additional 690 shares during the period. Boston Common Asset Management LLC lifted its holdings in L’Air Liquide by 5.3% in the fourth quarter. Boston Common Asset Management LLC now owns 68,733 shares of the basic materials company’s stock valued at $2,397,000 after acquiring an additional 3,444 shares during the period. Moloney Securities Asset Management LLC lifted its holdings in L’Air Liquide by 38.1% in the fourth quarter. Moloney Securities Asset Management LLC now owns 42,962 shares of the basic materials company’s stock valued at $1,498,000 after acquiring an additional 11,862 shares during the period. Finally, Yousif Capital Management LLC acquired a new position in L’Air Liquide in the fourth quarter valued at approximately $1,280,000. 0.02% of the stock is owned by hedge funds and other institutional investors.

About L’Air Liquide (OTCMKTS:AIQUY)

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. The company's Gas & Services segment offers oxygen, nitrogen, argon, hydrogen, and carbon monoxide to the metals, chemicals, refining, and energy sectors; and gases, application equipment, and associated services to the materials and energy, automotive and manufacturing, food and pharmaceuticals, technology and research, and craftsmen and retail sectors.

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