LeGrand (OTCMKTS:LGRDY) Sees Unusually-High Trading Volume – Still a Buy?

LeGrand SA (OTCMKTS:LGRDY) shares saw an uptick in trading volume on Wednesday . 201,930 shares traded hands during trading, an increase of 74% from the previous session’s volume of 116,153 shares.The stock last traded at $32.46 and had previously closed at $31.7810.

Analysts Set New Price Targets

Several research firms have recently commented on LGRDY. The Goldman Sachs Group lowered LeGrand from a “buy” rating to a “hold” rating in a report on Sunday, January 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of LeGrand in a report on Tuesday, January 6th. Kepler Capital Markets downgraded shares of LeGrand from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Barclays reiterated an “overweight” rating on shares of LeGrand in a report on Wednesday, December 3rd. Finally, Citigroup reissued a “buy” rating on shares of LeGrand in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

LeGrand Trading Down 0.3%

The business’s 50 day moving average price is $32.57 and its 200-day moving average price is $31.89. The company has a quick ratio of 1.69, a current ratio of 2.22 and a debt-to-equity ratio of 0.78.

LeGrand (OTCMKTS:LGRDY) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). LeGrand had a return on equity of 16.70% and a net margin of 16.69%.The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.92 billion. On average, research analysts forecast that LeGrand SA will post 1.08 EPS 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.