Legrand (OTCMKTS:LGRVF) Sets New 12-Month Low – Here’s Why

Legrand SA (OTCMKTS:LGRVF)’s share price hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $138.37 and last traded at $138.37, with a volume of 101 shares traded. The stock had previously closed at $154.9950.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. The Goldman Sachs Group upgraded Legrand to a “buy” rating in a research note on Wednesday. Evercore upgraded shares of Legrand to an “outperform” rating in a research note on Friday, October 2nd. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Legrand has an average 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 business’s fifty day moving average is $160.92 and its 200 day moving average is $164.75. The company has a market cap of $36.83 billion, a P/E ratio of 32.18 and a beta of 1.01.

Legrand Company Profile

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.