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

Shares of LeGrand SA (OTCMKTS:LGRDY) saw unusually-high trading volume on Friday . Approximately 251,661 shares were traded during mid-day trading, an increase of 63% from the previous session’s volume of 154,523 shares.The stock last traded at $32.93 and had previously closed at $33.69.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LGRDY shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of LeGrand in a research report on Tuesday. Citigroup reissued a “buy” rating on shares of LeGrand in a research report on Thursday, June 18th. Finally, Evercore upgraded LeGrand to a “hold” rating in a research report on Monday, April 13th. One 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

LeGrand Price Performance

The company has a current ratio of 1.96, a quick ratio of 1.39 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $43.23 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 2.58 and a beta of 0.96. The stock’s 50-day moving average is $34.57 and its two-hundred day moving average is $32.75.

LeGrand (OTCMKTS:LGRDY) last released its earnings results on Thursday, May 7th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). LeGrand had a net margin of 13.29% and a return on equity of 16.89%. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.90 billion. On average, equities analysts predict that LeGrand SA will post 1.41 EPS for the current 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.