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

LeGrand SA (OTCMKTS:LGRDY – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $35.26, but opened at $32.84. LeGrand shares last traded at $32.70, with a volume of 1,637 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LGRDY. Evercore raised shares of LeGrand to a “hold” rating in a research note on Monday, April 13th. Citigroup reissued a “buy” rating on shares of LeGrand in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of LeGrand in a report on Tuesday. Finally, Kepler Capital Markets lowered shares of LeGrand from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

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LeGrand Price Performance

The stock has a market cap of $43.34 billion, a PE ratio of 30.05, a P/E/G ratio of 2.75 and a beta of 0.96. 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 company’s 50 day moving average is $34.68 and its 200-day moving average is $32.71.

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 analysts’ consensus estimates of $0.31 by ($0.01). The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.90 billion. LeGrand had a return on equity of 16.89% and a net margin of 13.29%. As a group, sell-side analysts predict 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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