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

Shares of LeGrand SA (OTCMKTS:LGRDY) saw an uptick in trading volume on Thursday . 132,669 shares changed hands during mid-day trading, an increase of 1% from the previous session’s volume of 131,480 shares.The stock last traded at $34.20 and had previously closed at $33.14.

Wall Street Analysts Forecast Growth

LGRDY has been the topic of a number of recent research reports. Evercore raised LeGrand to a “hold” rating in a research report on Monday, April 13th. Kepler Capital Markets lowered LeGrand from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

LeGrand Trading Up 5.3%

The company has a current ratio of 1.96, a quick ratio of 1.39 and a debt-to-equity ratio of 0.81. The firm has a fifty day simple moving average of $34.62 and a two-hundred day simple moving average of $32.58. The firm has a market cap of $45.75 billion, a PE ratio of 31.72, a PEG ratio of 2.50 and a beta of 0.96.

LeGrand (OTCMKTS:LGRDY) last released its earnings results on Thursday, May 7th. The company reported $0.30 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 firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Equities analysts forecast that LeGrand SA will post 1.41 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.