Linde Ag Spon (LNEGY) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Linde Ag Spon (NASDAQ:LNEGY) from a buy rating to a hold rating in a research note published on Saturday.

According to Zacks, “The Linde Group is an engineering company which supplies industrial, process and specialty gases worldwide. The Company’s core operating segments consist of the gases and engineering division. The main gases produced by the Company are acetylene, carbon dioxide, nitrogen, hydrogen, shielding gases for welding applications, noble gases, calibration gas mixtures, high-purity gases and gas mixtures. It also supplies welding and safety products. Lindes’s pharmaceutical and medical gas products and services find their use in clinical care, emergency care, and ventilation therapy and hospital infrastructure. The engineering division focuses on plant engineering for the production of hydrogen and synthesis gas, oxygen and olefins as well as plants for natural gas treatment. The Company’s non core division the gist division operates in a wide range of commercial and industrial sectors including grocery, retail, electronics and gas. . The Linde Group is headquartered in Munich, Germany. “

Linde Ag Spon (NASDAQ:LNEGY) traded down 0.31% during mid-day trading on Friday, hitting $19.27. The stock had a trading volume of 316,747 shares. The stock’s 50 day moving average price is $19.24 and its 200 day moving average price is $18.45. The firm has a market capitalization of $35.77 billion and a price-to-earnings ratio of 24.86. Linde Ag Spon has a one year low of $15.63 and a one year high of $20.16.

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