LeGrand (OTCMKTS:LGRDY) Shares Gap Down – Should You Sell?

LeGrand SA (OTCMKTS:LGRDY – Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $36.01, but opened at $34.27. LeGrand shares last traded at $34.2950, with a volume of 1,110 shares trading hands.

Wall Street Analyst Weigh In

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

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LeGrand Stock Performance

The company has a current ratio of 2.22, a quick ratio of 1.69 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $44.79 billion, a PE ratio of 31.05, a PEG ratio of 1.94 and a beta of 0.98. The firm’s 50-day simple moving average is $34.20 and its 200-day simple moving average is $32.31.

LeGrand (OTCMKTS:LGRDY – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.90 billion. LeGrand had a return on equity of 17.27% and a net margin of 13.29%. On average, research analysts predict that LeGrand SA will post 1.46 earnings per share for the current year.

About LeGrand

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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.

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