LeGrand (OTCMKTS:LGRDY) Reaches New 1-Year Low – Should You Sell?

LeGrand SA (OTCMKTS:LGRDY) shares reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as $28.43 and last traded at $28.43, with a volume of 761 shares changing hands. The stock had previously closed at $29.04.

Wall Street Analyst Weigh In

Several brokerages have commented on LGRDY. Royal Bank Of Canada raised LeGrand from a “sector perform” rating to an “outperform” rating in a research report on Monday, August 3rd. Zacks Research upgraded LeGrand from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 5th. Evercore upgraded LeGrand from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. Morgan Stanley reiterated an “overweight” rating on shares of LeGrand in a research report on Friday, August 28th. Finally, Deutsche Bank Aktiengesellschaft raised shares of LeGrand from a “hold” rating to a “buy” rating in a research note on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

LeGrand Price Performance

The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.12 and a current ratio of 1.58. The firm has a market capitalization of $37.94 billion, a P/E ratio of 24.94, a P/E/G ratio of 1.63 and a beta of 0.99. The stock’s 50 day simple moving average is $31.65 and its 200 day simple moving average is $32.80.

LeGrand (OTCMKTS:LGRDY) last issued its earnings results on Wednesday, July 29th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). LeGrand had a return on equity of 17.74% and a net margin of 13.01%. The company had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.18 billion. As a group, analysts expect that LeGrand SA will post 1.38 earnings per share for the current fiscal year.

LeGrand Company Profile

Legrand SA is a France-based manufacturer of electrical and digital building infrastructure products. Its portfolio includes wiring devices, switches and sockets, circuit protection and power distribution equipment, cable management systems, lighting controls, and home and building automation solutions.

The company also provides infrastructure for data centers and communication networks, including connectivity, racks, power-management equipment, and uninterruptible power systems. Its products are used in residential, commercial, industrial, and institutional buildings.

Legrand traces its origins to a porcelain manufacturing business established in Limoges, France, in 1904, and later expanded into electrical equipment and building systems.