LeGrand (OTCMKTS:LGRDY) Sees Large Volume Increase – Time to Buy?

LeGrand SA (OTCMKTS:LGRDY) saw unusually-high trading volume on Monday . 275,200 shares changed hands during trading, an increase of 79% from the previous session’s volume of 153,968 shares.The stock last traded at $31.5950 and had previously closed at $32.02.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LGRDY. Zacks Research lowered shares of LeGrand from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Barclays raised shares of LeGrand from an “overweight” rating to an “overweight” rating in a report on Monday, July 6th. Citigroup reaffirmed a “buy” rating on shares of LeGrand in a report on Thursday, June 18th. Evercore raised shares of LeGrand to a “hold” rating in a report on Monday, April 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of LeGrand in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

LeGrand Stock Performance

The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.39 and a current ratio of 1.96. The business’s fifty day moving average price is $33.91 and its two-hundred day moving average price is $33.02. The stock has a market capitalization of $42.21 billion, a P/E ratio of 29.26, a P/E/G ratio of 2.46 and a beta of 0.95.

LeGrand (OTCMKTS:LGRDY) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.01). The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.90 billion. LeGrand had a net margin of 13.29% and a return on equity of 16.89%. As a group, sell-side analysts forecast that LeGrand SA will post 1.4 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.