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

Shares of LeGrand SA (OTCMKTS:LGRDY) saw unusually-high trading volume on Friday. 529,805 shares were traded during mid-day trading, an increase of 252% from the previous session’s volume of 150,659 shares. The stock last traded at $29.98 and had previously closed at $30.24.

Analyst Upgrades and Downgrades

LGRDY has been the topic of a number of research analyst reports. Evercore upgraded shares of LeGrand from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. Morgan Stanley reaffirmed an “overweight” rating on shares of LeGrand in a research report on Friday, August 28th. Royal Bank Of Canada raised shares of LeGrand from a “sector perform” rating to an “outperform” rating in a research note on Monday, August 3rd. Citigroup reiterated a “buy” rating on shares of LeGrand in a report on Thursday, June 18th. Finally, Deutsche Bank Aktiengesellschaft upgraded LeGrand from a “hold” rating to a “buy” rating in a report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

LeGrand Trading Down 1.4%

The firm has a market capitalization of $39.10 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99. The company’s 50-day simple moving average is $31.76 and its 200 day simple moving average is $32.82. The company has a quick ratio of 1.12, a current ratio of 1.58 and a debt-to-equity ratio of 0.89.

LeGrand (OTCMKTS:LGRDY) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.04). LeGrand had a net margin of 13.01% and a return on equity of 17.74%. The business had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.18 billion. As a group, sell-side analysts expect that LeGrand SA will post 1.38 EPS for the current year.

LeGrand Company Profile

Legrand SA is a France-based specialist in electrical and digital building infrastructure. The company designs, manufactures and distributes products and systems used to manage, distribute and control electricity and data in residential, commercial, industrial and infrastructure environments.

Its product portfolio includes wiring devices, electrical and digital protection equipment, power distribution systems, cable management, structured cabling, lighting control, home automation and connected-building solutions.