Benzinga | Nov 12, 2020 03:52PM EST

Why Air Products & Chemicals Stock Is Trading Lower Today

Air Products & Chemicals (NYSE:APD) shares were trading lower on Thursday after JPMorgan downgraded the company's stock from Overweight to Neutral.

Since its founding in 1940, Air Products has become one of the leading industrial gas suppliers globally, with operations in 50 countries and 19,000 employees. The company is the largest supplier of hydrogen and helium in the world. It has a unique portfolio serving customers in a number of industries, including chemicals, energy, healthcare, metals, and electronics. Air Products generated $8.9 billion in revenue in fiscal 2019.

Air Products & Chemicals shares traded down 5.69% at $264.94 on Thursday during the time of publication. The stock has a 52-week high of $327.89 and a 52-week low of $167.43.