LeGrand (OTCMKTS:LGRDY) Sees Unusually-High Trading Volume – Here’s Why

LeGrand SA (OTCMKTS:LGRDY – Get Free Report) shares saw strong trading volume on Friday . 340,977 shares changed hands during trading, an increase of 196% from the previous session’s volume of 115,124 shares.The stock last traded at $30.93 and had previously closed at $31.70.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Kepler Capital Markets lowered LeGrand from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Citigroup reissued a “buy” rating on shares of LeGrand in a report on Friday, February 13th. Finally, Evercore raised LeGrand to a “hold” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, LeGrand currently has a consensus rating of “Hold”.

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LeGrand Trading Down 2.6%

The company has a market cap of $40.50 billion, a P/E ratio of 28.08, a PEG ratio of 1.82 and a beta of 0.96. The business has a fifty day moving average price of $34.61 and a 200-day moving average price of $32.52. The company has a quick ratio of 1.39, a current ratio of 1.96 and a debt-to-equity ratio of 0.81.

LeGrand (OTCMKTS:LGRDY – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). LeGrand had a return on equity of 16.89% and a net margin of 13.29%.The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.90 billion. On average, analysts forecast that LeGrand SA will post 1.41 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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