L’Air Liquide (OTCMKTS:AIQUY) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Shares of L’Air Liquide S.A. (OTCMKTS:AIQUY) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $37.31 and traded as low as $35.95. L’Air Liquide shares last traded at $36.00, with a volume of 80,991 shares changing hands.

L’Air Liquide Stock Down 0.8 %

The firm’s 50 day moving average is $37.30 and its 200-day moving average is $36.35.

Institutional Investors Weigh In On L’Air Liquide

A hedge fund recently raised its stake in L’Air Liquide stock. Rhumbline Advisers boosted its position in shares of L’Air Liquide S.A. (OTCMKTS:AIQUY) by 20.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,408 shares of the basic materials company’s stock after acquiring an additional 9,268 shares during the period. Rhumbline Advisers’ holdings in L’Air Liquide were worth $1,885,000 at the end of the most recent quarter. Institutional investors own 0.01% of the company’s stock.

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.