Legrand (OTCMKTS:LGRVF) Shares Gap Down – Time to Sell?

Shares of Legrand SA (OTCMKTS:LGRVF) gapped down prior to trading 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.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Evercore upgraded shares of Legrand to an “outperform” rating in a report on Friday, October 2nd. The Goldman Sachs Group upgraded Legrand to a “buy” rating in a report on Wednesday, October 21st. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Legrand Stock Performance

The stock has a market cap of $39.46 billion, a P/E ratio of 34.48 and a beta of 1.01. The company has a current ratio of 1.95, a quick ratio of 1.39 and a debt-to-equity ratio of 0.68. The stock’s fifty day moving average price is $157.69 and its 200 day moving average price is $163.94.

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.