Legrand (OTCMKTS:LGRVF) Shares Gap Down – Here’s What Happened

Legrand SA (OTCMKTS:LGRVF)’s stock price gapped down prior to trading on Monday. The stock had previously closed at $169.96, but opened at $148.27. Legrand shares last traded at $148.27, with a volume of 105 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have recently commented on LGRVF. Evercore raised shares of Legrand to an “outperform” rating in a report on Friday, October 2nd. The Goldman Sachs Group raised shares of Legrand to a “buy” rating in a research report on Wednesday, October 21st. Two research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Legrand Price Performance

The company has a current ratio of 1.95, a quick ratio of 1.39 and a debt-to-equity ratio of 0.68. The firm has a market cap of $39.46 billion, a price-to-earnings ratio of 34.48 and a beta of 1.01. The company’s 50-day moving average is $158.20 and its 200-day moving average is $163.98.

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.