Legrand (OTCMKTS:LGRVF) Shares Gap Up – What’s Next?

Shares of Legrand SA (OTCMKTS:LGRVF) gapped up prior to trading on Tuesday. The stock had previously closed at $162.6950, but opened at $169.96. Legrand shares last traded at $169.96, with a volume of 116 shares trading hands.

Wall Street Analyst Weigh In

Separately, Evercore raised Legrand to an “outperform” rating in a research note on Friday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.

Legrand Stock Performance

The stock has a fifty day simple moving average of $156.58 and a 200-day simple moving average of $163.65. The stock has a market cap of $45.23 billion, a P/E ratio of 39.53 and a beta of 1.01. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.39 and a current ratio of 1.95.

About Legrand

Legrand is a France-based specialist in electrical and digital building infrastructures. The company designs, manufactures and distributes products and systems used to manage, distribute, control and protect electrical power and data in residential, commercial, industrial and institutional buildings.

Its product portfolio includes wiring devices, switches and sockets, circuit protection and electrical distribution equipment, cable management systems, lighting controls, home and building automation solutions, and structured cabling products.