LeGrand (OTCMKTS:LGRDY) Sees Strong Trading Volume – Time to Buy?

Shares of LeGrand SA (OTCMKTS:LGRDY) saw strong trading volume on Tuesday . 842,927 shares traded hands during mid-day trading, an increase of 536% from the previous session’s volume of 132,503 shares.The stock last traded at $30.64 and had previously closed at $30.38.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LGRDY shares. Barclays restated an “overweight” rating on shares of LeGrand in a report on Wednesday, December 3rd. Kepler Capital Markets raised LeGrand from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft lowered LeGrand from a “buy” rating to a “hold” rating in a research report on Thursday, November 6th. Citigroup restated a “buy” rating on shares of LeGrand in a report on Wednesday, October 1st. Finally, Zacks Research cut shares of LeGrand from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

LeGrand Stock Down 2.3%

The stock has a market cap of $39.05 billion, a price-to-earnings ratio of 29.88, a P/E/G ratio of 2.33 and a beta of 0.89. The business has a fifty day moving average of $31.90 and a 200 day moving average of $29.85. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.22 and a quick ratio of 1.69.

LeGrand (OTCMKTS:LGRDY) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.05). The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.62 billion. LeGrand had a return on equity of 16.05% and a net margin of 16.71%. On average, equities analysts predict that LeGrand SA will post 1.08 earnings per share for the current year.

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.