L’Air Liquide (OTCMKTS:AIQUY) Sets New 12-Month Low – Should You Sell?

L’Air Liquide S.A. (OTCMKTS:AIQUY) reached a new 52-week low during trading on Wednesday . The stock traded as low as $32.35 and last traded at $32.35, with a volume of 705847 shares trading hands. The stock had previously closed at $33.19.

L’Air Liquide Stock Down 2.5 %

The company’s 50 day moving average price is $34.91 and its two-hundred day moving average price is $35.85.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AIQUY. Kornitzer Capital Management Inc. KS purchased a new stake in shares of L’Air Liquide in the 3rd quarter worth $202,000. Hancock Whitney Corp grew its stake in shares of L’Air Liquide by 8.7% during the 3rd quarter. Hancock Whitney Corp now owns 16,872 shares of the basic materials company’s stock valued at $652,000 after acquiring an additional 1,356 shares during the period. Moloney Securities Asset Management LLC boosted its position in shares of L’Air Liquide by 7.4% in the third quarter. Moloney Securities Asset Management LLC now owns 38,951 shares of the basic materials company’s stock worth $1,506,000 after purchasing an additional 2,667 shares during the period. Rhumbline Advisers lifted its stake in shares of L’Air Liquide by 20.5% during the 2nd quarter. Rhumbline Advisers now owns 54,408 shares of the basic materials company’s stock valued at $1,885,000 after buying an additional 9,268 shares in the last quarter. Finally, Boston Common Asset Management LLC boosted its holdings in L’Air Liquide by 7.2% in the 3rd quarter. Boston Common Asset Management LLC now owns 70,804 shares of the basic materials company’s stock worth $2,738,000 after buying an additional 4,726 shares during the period. 0.01% of the stock is currently owned by 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.