Legrand (OTCMKTS:LGRDY) Stock Price Up 0.2% – Here’s Why

Legrand SA (OTCMKTS:LGRDY) shares were up 0.2% on Friday . The company traded as high as $24.18 and last traded at $24.18. Approximately 146,332 shares traded hands during mid-day trading, an increase of 10% from the average daily volume of 133,610 shares. The stock had previously closed at $24.13.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upgraded shares of Legrand from a “strong sell” rating to a “hold” rating in a research note on Monday, February 24th.

Legrand Trading Up 0.2%

The business’s 50 day moving average price is $21.93 and its two-hundred day moving average price is $21.11. 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 company has a market capitalization of $31.92 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of 5.98 and a beta of 0.80.

Legrand (OTCMKTS:LGRDY) last posted its earnings results on Wednesday, May 7th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). Legrand had a return on equity of 16.63% and a net margin of 13.48%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.26 billion. On average, equities analysts predict that Legrand SA will post 1.08 earnings per share for the current fiscal year.

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.