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

LeGrand SA (OTCMKTS:LGRDY) shares gapped down prior to trading on Thursday. The stock had previously closed at $32.31, but opened at $30.70. LeGrand shares last traded at $30.93, with a volume of 6,156 shares changing hands.

Analyst Ratings Changes

Several research analysts have recently weighed in on LGRDY shares. Barclays raised LeGrand from an “overweight” rating to an “overweight” rating in a research report on Monday, July 6th. Deutsche Bank Aktiengesellschaft raised LeGrand from a “hold” rating to a “buy” rating in a research report on Wednesday, September 2nd. Morgan Stanley restated an “overweight” rating on shares of LeGrand in a research note on Friday, August 28th. Zacks Research raised LeGrand from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 5th. Finally, Citigroup reaffirmed a “buy” rating on shares of LeGrand in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, LeGrand has a consensus rating of “Moderate Buy”.

LeGrand Stock Performance

The stock has a market capitalization of $40.54 billion, a price-to-earnings ratio of 26.66, a P/E/G ratio of 1.68 and a beta of 0.96. The company’s fifty day simple moving average is $31.54 and its 200 day simple moving average is $32.79. The company has a quick ratio of 1.12, a current ratio of 1.58 and a debt-to-equity ratio of 0.89.

LeGrand (OTCMKTS:LGRDY) last announced its earnings results on Wednesday, July 29th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.04). LeGrand had a return on equity of 17.74% and a net margin of 13.01%.The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.18 billion. On average, equities research analysts expect that LeGrand SA will post 1.41 earnings per share for the current year.

LeGrand Company Profile

Legrand SA is a France-based specialist in electrical and digital building infrastructure. The company develops, manufactures and markets equipment used to distribute, control, protect and manage electricity and data in residential, commercial, industrial and infrastructure environments.

Its product portfolio includes wiring devices such as switches and sockets, electrical protection and distribution systems, cable management solutions, connected-home and building-automation products, and systems for data centers and other digital infrastructure applications.