LeGrand (OTCMKTS:LGRDY) Shares Down 11.4% – Here’s Why

LeGrand SA (OTCMKTS:LGRDY)’s share price fell 11.4% on Friday . The company traded as low as $29.9420 and last traded at $29.9420. 273 shares were traded during trading, a decline of 100% from the average session volume of 135,583 shares. The stock had previously closed at $33.78.

Analyst Upgrades and Downgrades

LGRDY has been the subject of several analyst reports. Royal Bank Of Canada reissued a “sector perform” rating on shares of LeGrand in a report on Monday, August 4th. Kepler Capital Markets cut LeGrand from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 1st. Jefferies Financial Group upgraded LeGrand from a “moderate sell” rating to a “strong-buy” rating in a research note on Sunday, October 12th. Deutsche Bank Aktiengesellschaft downgraded LeGrand from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Citigroup reissued a “buy” rating on shares of LeGrand in a report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

LeGrand Stock Up 0.9%

The stock has a 50-day moving average of $33.00 and a two-hundred day moving average of $28.62. The company has a market cap of $39.64 billion, a P/E ratio of 30.83, a P/E/G ratio of 2.15 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.45 and a current ratio of 1.94.

LeGrand Company Profile

Legrand SA, together with its subsidiaries, manufactures, distributes, and sells electrical and digital building infrastructures in Europe, North and Central America, and internationally. The company offers energy distribution, protection, and management solutions, such as electric vehicle charging, residential and small commercial panels, switchboards and power cabinets, and UPS devices; and wiring devices, connected home and building control solutions, and guestroom solutions, as well as back, junction, DCL, and floor boxes.