LeGrand (OTCMKTS:LGRDY) Shares Gap Down – Here’s Why

LeGrand SA (OTCMKTS:LGRDY) shares gapped down before the market opened on Thursday . The stock had previously closed at $33.78, but opened at $30.2050. LeGrand shares last traded at $29.97, with a volume of 9,999 shares.

Wall Street Analyst Weigh In

Several equities analysts have commented on LGRDY shares. Kepler Capital Markets downgraded LeGrand from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 1st. Royal Bank Of Canada reissued a “sector perform” rating on shares of LeGrand in a research report on Monday, August 4th. Jefferies Financial Group raised LeGrand from a “moderate sell” rating to a “strong-buy” rating in a research report on Sunday, October 12th. Deutsche Bank Aktiengesellschaft cut LeGrand from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Citigroup reissued a “buy” rating on shares of LeGrand in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, LeGrand currently has a consensus rating of “Moderate Buy”.

LeGrand Stock Performance

The stock has a market capitalization of $39.37 billion, a price-to-earnings ratio of 30.62, a price-to-earnings-growth ratio of 2.14 and a beta of 0.82. The company has a quick ratio of 1.45, a current ratio of 1.94 and a debt-to-equity ratio of 0.63. The stock’s 50-day simple moving average is $33.02 and its 200 day simple moving average is $28.61.

LeGrand Company Profile

Legrand SA, together with its subsidiaries, manufactures, distributes, and sells electrical and digital building infrastructures in Europe, North and Central America, and internationally. The company offers energy distribution, protection, and management solutions, such as electric vehicle charging, residential and small commercial panels, switchboards and power cabinets, and UPS devices; and wiring devices, connected home and building control solutions, and guestroom solutions, as well as back, junction, DCL, and floor boxes.