LeGrand (OTCMKTS:LGRDY) Sees Strong Trading Volume – What’s Next?

LeGrand SA (OTCMKTS:LGRDY) shares saw an uptick in trading volume on Thursday . Approximately 132,669 shares traded hands during mid-day trading, an increase of 1% from the previous session’s volume of 131,480 shares.The stock last traded at $34.20 and had previously closed at $33.14.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on LGRDY shares. Evercore upgraded shares of LeGrand to a “hold” rating in a research report on Monday, April 13th. Kepler Capital Markets lowered LeGrand from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, Citigroup reissued a “buy” rating on shares of LeGrand in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

LeGrand Price Performance

The company has a current ratio of 1.96, a quick ratio of 1.39 and a debt-to-equity ratio of 0.81. The firm’s fifty day moving average price is $34.69 and its 200-day moving average price is $32.62. The company has a market cap of $45.70 billion, a price-to-earnings ratio of 31.68, a price-to-earnings-growth ratio of 2.72 and a beta of 0.96.

LeGrand (OTCMKTS:LGRDY) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.90 billion. LeGrand had a net margin of 13.29% and a return on equity of 16.89%. Sell-side analysts predict that LeGrand SA will post 1.41 earnings per share for the current year.

About LeGrand

Legrand (OTCMKTS: LGRDY) is a French multinational that designs, manufactures and distributes electrical and digital building infrastructure solutions. The company’s product portfolio spans wiring devices such as switches and outlets, cable management and trunking systems, power distribution and protection equipment, lighting control and energy management systems, as well as solutions for data centers and building automation. Its offerings are positioned for new construction and retrofit projects in residential, commercial, industrial and institutional buildings.

Legrand supplies both branded products and integrated systems to electrical contractors, distributors, installers and original equipment manufacturers.