LeGrand (OTCMKTS:LGRDY) Shares Gap Down – Time to Sell?

Shares of LeGrand SA (OTCMKTS:LGRDY) gapped down before the market opened on Thursday . The stock had previously closed at $36.01, but opened at $34.27. LeGrand shares last traded at $34.2950, with a volume of 1,110 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LGRDY. Kepler Capital Markets downgraded LeGrand from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Citigroup reissued a “buy” rating on shares of LeGrand in a research note on Friday, February 13th. Finally, Evercore raised LeGrand to a “hold” rating in a research note on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, LeGrand currently has an average rating of “Hold”.

LeGrand Stock Down 2.7%

The stock has a market capitalization of $44.66 billion, a PE ratio of 30.96, a P/E/G ratio of 2.04 and a beta of 0.98. The firm has a 50 day moving average of $34.10 and a two-hundred day moving average of $32.27. The company has a current ratio of 2.22, a quick ratio of 1.69 and a debt-to-equity ratio of 0.78.

LeGrand (OTCMKTS:LGRDY) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). LeGrand had a net margin of 13.29% and a return on equity of 17.27%. The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Equities research analysts anticipate that LeGrand SA will post 1.46 earnings per share for the current year.

About LeGrand

Legrand (OTCMKTS: LGRDY) is a French multinational that designs, manufactures and distributes electrical and digital building infrastructure solutions. The company’s product portfolio spans wiring devices such as switches and outlets, cable management and trunking systems, power distribution and protection equipment, lighting control and energy management systems, as well as solutions for data centers and building automation. Its offerings are positioned for new construction and retrofit projects in residential, commercial, industrial and institutional buildings.

Legrand supplies both branded products and integrated systems to electrical contractors, distributors, installers and original equipment manufacturers.