LeGrand (OTCMKTS:LGRDY) Sees Unusually-High Trading Volume – Time to Buy?

LeGrand SA (OTCMKTS:LGRDY – Get Free Report) shares saw an uptick in trading volume on Thursday . 132,669 shares changed 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 Ratings Changes

LGRDY has been the subject of a number of research reports. Kepler Capital Markets cut LeGrand from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Evercore raised LeGrand to a “hold” rating in a report on Monday, April 13th. One research 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

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LeGrand Stock Performance

The company has a debt-to-equity ratio of 0.81, a current ratio of 1.96 and a quick ratio of 1.39. The stock has a 50-day simple moving average of $34.62 and a 200-day simple moving average of $32.58. The stock has a market cap of $45.75 billion, a P/E ratio of 31.72, a PEG ratio of 2.50 and a beta of 0.96.

LeGrand (OTCMKTS:LGRDY – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.90 billion. LeGrand had a return on equity of 16.89% and a net margin of 13.29%. Research 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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