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

LeGrand SA (OTCMKTS:LGRDY) shares saw unusually-high trading volume on Monday . 275,200 shares changed hands during mid-day trading, an increase of 79% from the previous session’s volume of 153,968 shares.The stock last traded at $31.5950 and had previously closed at $32.02.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LGRDY. Barclays raised shares of LeGrand from an “overweight” rating to an “overweight” rating in a research report on Monday, July 6th. Evercore upgraded shares of LeGrand to a “hold” rating in a research report on Monday, April 13th. Citigroup reissued a “buy” rating on shares of LeGrand in a research note on Thursday, June 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of LeGrand in a research report on Tuesday, June 23rd. Finally, Zacks Research downgraded LeGrand from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

LeGrand Trading Down 1.9%

The firm’s 50 day simple moving average is $34.08 and its two-hundred day simple moving average is $32.99. The stock has a market capitalization of $41.19 billion, a P/E ratio of 28.55, a P/E/G ratio of 2.51 and a beta of 0.95. 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) last released 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 company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.90 billion. As a group, analysts forecast that LeGrand SA will post 1.4 earnings per share for the current fiscal year.

LeGrand Company Profile

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.