LeGrand (OTCMKTS:LGRDY) Sees Unusually-High Trading Volume – Here’s Why

Shares of LeGrand SA (OTCMKTS:LGRDY) saw unusually-high trading volume on Friday . Approximately 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.

Analyst Ratings Changes

A number of equities analysts have recently commented on LGRDY shares. Evercore upgraded shares of LeGrand to a “hold” rating in a research note on Monday, April 13th. Kepler Capital Markets downgraded shares of LeGrand from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Citigroup restated a “buy” rating on shares of LeGrand in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

LeGrand Price Performance

The company has a debt-to-equity ratio of 0.81, a current ratio of 1.96 and a quick ratio of 1.39. The company’s 50-day simple moving average is $34.61 and its 200-day simple moving average is $32.52. The stock has a market capitalization of $40.50 billion, a P/E ratio of 28.08, a price-to-earnings-growth ratio of 1.82 and a beta of 0.96.

LeGrand (OTCMKTS:LGRDY) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.01). LeGrand had a return on equity of 16.89% and a net margin of 13.29%.The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.90 billion. As a group, sell-side analysts expect that LeGrand SA will post 1.41 EPS 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.