LeGrand (OTCMKTS:LGRDY) Shares Down 11.4% – Here’s What Happened

LeGrand SA (OTCMKTS:LGRDY) dropped 11.4% on Friday . The company traded as low as $29.9420 and last traded at $29.9420. Approximately 273 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 135,583 shares. The stock had previously closed at $33.78.

Analyst Upgrades and Downgrades

LGRDY has been the topic of several recent research reports. Kepler Capital Markets lowered LeGrand from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 1st. Royal Bank Of Canada reissued a “sector perform” rating on shares of LeGrand in a research note on Monday, August 4th. Deutsche Bank Aktiengesellschaft cut shares of LeGrand from a “buy” rating to a “hold” rating in a report on Thursday. Citigroup reiterated a “buy” rating on shares of LeGrand in a report on Wednesday, October 1st. Finally, Jefferies Financial Group raised shares of LeGrand from a “moderate sell” rating to a “strong-buy” rating in a research report on Sunday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, LeGrand presently has an average rating of “Moderate Buy”.

LeGrand Trading Up 0.9%

The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.45 and a current ratio of 1.94. The firm has a market capitalization of $39.64 billion, a PE ratio of 30.83, a P/E/G ratio of 2.15 and a beta of 0.82. The stock’s 50-day simple moving average is $33.00 and its 200-day simple moving average is $28.62.

About LeGrand

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.