LeGrand (OTCMKTS:LGRDY) Sees Strong Trading Volume – Should You Buy?

Shares of LeGrand SA (OTCMKTS:LGRDY) saw unusually-high trading volume on Friday . 251,661 shares changed hands during trading, an increase of 63% from the previous session’s volume of 154,523 shares.The stock last traded at $32.93 and had previously closed at $33.69.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Evercore upgraded shares of LeGrand to a “hold” rating in a research report on Monday, April 13th. Citigroup reiterated a “buy” rating on shares of LeGrand in a research report on Thursday, June 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of LeGrand in a research note on Tuesday. One investment 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 stock currently has an average rating of “Hold”.

LeGrand Stock Down 2.0%

The stock has a market cap of $43.28 billion, a P/E ratio of 30.01, a price-to-earnings-growth ratio of 2.60 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 stock’s 50-day moving average is $34.61 and its 200-day moving average is $32.75.

LeGrand (OTCMKTS:LGRDY) last released its quarterly 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 the consensus estimate of $2.90 billion. LeGrand had a return on equity of 16.89% and a net margin of 13.29%. As a group, research analysts anticipate that LeGrand SA will post 1.41 earnings per share for the current fiscal 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.