Linde (ETR:LIN) Stock Passes Below 200 Day Moving Average – Here’s Why

Linde plc (ETR:LINGet Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of €391.88 and traded as low as €343.20. Linde shares last traded at €355.80, with a volume of 62,198 shares changing hands.

Linde Trading Up 0.6%

The company has a quick ratio of 0.56, a current ratio of 0.96 and a debt-to-equity ratio of 56.83. The company’s 50-day moving average price is €368.78 and its 200-day moving average price is €391.88. The firm has a market cap of $176.31 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 2.63 and a beta of 0.88.

Linde Company Profile

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Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

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