Legrand (OTCMKTS:LGRVF) Shares Gap Down – Here’s What Happened

Legrand SA (OTCMKTS:LGRVF) gapped down before the market opened on Monday. The stock had previously closed at $169.96, but opened at $148.27. Legrand shares last traded at $148.27, with a volume of 105 shares trading hands.

Analyst Ratings Changes

A number of analysts have recently commented on LGRVF shares. The Goldman Sachs Group upgraded shares of Legrand to a “buy” rating in a research note on Wednesday, October 21st. Evercore raised Legrand to an “outperform” rating in a research report on Friday, October 2nd. Two equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has a consensus rating of “Buy”.

Legrand Price Performance

The stock has a market capitalization of $39.46 billion, a PE ratio of 34.48 and a beta of 1.01. The stock’s 50-day moving average is $158.20 and its 200 day moving average is $163.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.39 and a current ratio of 1.95.

Legrand Company Profile

Legrand is a France-based company that designs, manufactures and distributes products and systems for electrical and digital building infrastructure. Its offerings support residential, commercial, industrial and data-center applications, helping manage power distribution, connectivity, lighting, safety and building automation.

The company’s product portfolio includes wiring devices, electrical and power distribution equipment, cable management systems, switches and sockets, home automation solutions, structured cabling, uninterruptible power supplies and infrastructure for data centers.