LeGrand (OTCMKTS:LGRDY) Shares Gap Down – Should You Sell?

LeGrand SA (OTCMKTS:LGRDY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $35.26, but opened at $32.84. LeGrand shares last traded at $32.70, with a volume of 1,637 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on LGRDY shares. Citigroup reissued a “buy” rating on shares of LeGrand in a research 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 reiterated a “hold” rating on shares of LeGrand in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold”.

LeGrand Stock Up 1.4%

The firm has a 50-day moving average of $34.61 and a two-hundred day moving average of $32.75. The firm has a market cap of $44.18 billion, a price-to-earnings ratio of 30.63, a PEG ratio of 2.60 and a beta of 0.96. The company has a current ratio of 1.96, a quick ratio of 1.39 and a debt-to-equity ratio of 0.81.

LeGrand (OTCMKTS:LGRDY) last released its earnings results on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). LeGrand had a net margin of 13.29% and a return on equity of 16.89%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.90 billion. As a group, sell-side analysts predict that LeGrand SA will post 1.41 earnings per share for the current fiscal year.

LeGrand Company Profile

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.