LeGrand (OTCMKTS:LGRDY) Sees Unusually-High Trading Volume – Still a Buy?

LeGrand SA (OTCMKTS:LGRDY) saw strong trading volume on Friday . 340,977 shares changed hands during trading, an increase of 196% from the previous session’s volume of 115,124 shares.The stock last traded at $30.93 and had previously closed at $31.70.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Kepler Capital Markets cut LeGrand from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Evercore upgraded LeGrand to a “hold” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold”.

LeGrand Trading Down 2.7%

The stock has a fifty day moving average of $34.58 and a 200-day moving average of $32.51. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.39 and a current ratio of 1.96. The company has a market cap of $40.44 billion, a PE ratio of 28.04, a PEG ratio of 1.80 and a beta of 0.96.

LeGrand (OTCMKTS:LGRDY) last posted 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). The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.90 billion. LeGrand had a net margin of 13.29% and a return on equity of 16.89%. Sell-side analysts anticipate that LeGrand SA will post 1.41 EPS 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.