LeGrand (OTCMKTS:LGRDY) Hits New 52-Week Low – Here’s What Happened

LeGrand SA (OTCMKTS:LGRDY)’s share price reached a new 52-week low during trading on Tuesday. The company traded as low as $28.43 and last traded at $28.43, with a volume of 761 shares traded. The stock had previously closed at $29.04.

Wall Street Analysts Forecast Growth

LGRDY has been the topic of a number of recent analyst reports. Royal Bank Of Canada raised LeGrand from a “sector perform” rating to an “outperform” rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft raised LeGrand from a “hold” rating to a “buy” rating in a research report on Wednesday, September 2nd. Zacks Research raised LeGrand from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 5th. Barclays reiterated an “overweight” rating on shares of LeGrand in a research note on Monday, October 5th. Finally, Morgan Stanley reissued an “overweight” rating on shares of LeGrand in a report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

LeGrand Stock Performance

The firm has a market cap of $38.55 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 1.57 and a beta of 0.99. The stock’s 50 day moving average is $31.51 and its 200 day moving average is $32.77. The company has a current ratio of 1.58, a quick ratio of 1.12 and a debt-to-equity ratio of 0.89.

LeGrand (OTCMKTS:LGRDY) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.04). The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.18 billion. LeGrand had a return on equity of 17.74% and a net margin of 13.01%. Analysts anticipate that LeGrand SA will post 1.38 earnings per share for the current year.

LeGrand Company Profile

Legrand SA is a France-based manufacturer of electrical and digital building infrastructure products. Its portfolio includes wiring devices, switches and sockets, circuit protection and power distribution equipment, cable management systems, lighting controls, and home and building automation solutions.

The company also provides infrastructure for data centers and communication networks, including connectivity, racks, power-management equipment, and uninterruptible power systems. Its products are used in residential, commercial, industrial, and institutional buildings.

Legrand traces its origins to a porcelain manufacturing business established in Limoges, France, in 1904, and later expanded into electrical equipment and building systems.