Legrand (OTCMKTS:LGRVF) Hits New 12-Month Low – What’s Next?

Legrand SA (OTCMKTS:LGRVF)’s share price reached a new 52-week low on Thursday. The company traded as low as $138.37 and last traded at $138.37, with a volume of 101 shares trading hands. The stock had previously closed at $154.9950.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Evercore raised shares of Legrand to an “outperform” rating in a research report on Friday, October 2nd. The Goldman Sachs Group upgraded shares of Legrand to a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Legrand currently has an average rating of “Buy”.

Legrand Stock Performance

The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.39 and a current ratio of 1.95. The stock’s fifty day moving average price is $160.44 and its 200-day moving average price is $164.47. The company has a market capitalization of $36.83 billion, a P/E ratio of 32.18 and a beta of 1.01.

About Legrand

Legrand is a France-based company that designs, manufactures and distributes products and systems for electrical and digital building infrastructure. Its offerings support residential, commercial, industrial and data-center applications, helping manage power distribution, connectivity, lighting, safety and building automation.

The company’s product portfolio includes wiring devices, electrical and power distribution equipment, cable management systems, switches and sockets, home automation solutions, structured cabling, uninterruptible power supplies and infrastructure for data centers.