Legrand (OTCMKTS:LGRVF) Shares Gap Up – Should You Buy?

Legrand SA (OTCMKTS:LGRVF) shares gapped up before the market opened on Tuesday. The stock had previously closed at $162.6950, but opened at $169.96. Legrand shares last traded at $169.96, with a volume of 116 shares traded.

Wall Street Analysts Forecast Growth

Separately, Evercore upgraded shares of Legrand to an “outperform” rating in a research note on Friday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Legrand Price Performance

The stock has a market cap of $45.23 billion, a price-to-earnings ratio of 39.53 and a beta of 1.01. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.39 and a current ratio of 1.95. The company has a 50-day simple moving average of $156.58 and a two-hundred day simple moving average of $163.65.

About Legrand

Legrand is a France-based specialist in electrical and digital building infrastructures. The company designs, manufactures and distributes products and systems used to manage, distribute, control and protect electrical power and data in residential, commercial, industrial and institutional buildings.

Its product portfolio includes wiring devices, switches and sockets, circuit protection and electrical distribution equipment, cable management systems, lighting controls, home and building automation solutions, and structured cabling products.