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

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

Analyst Upgrades and Downgrades

LGRVF has been the topic of several analyst reports. The Goldman Sachs Group upgraded Legrand to a “buy” rating in a report on Wednesday. Evercore upgraded shares of Legrand to an “outperform” rating in a research report on Friday, October 2nd. Two analysts have rated the stock with a Buy rating. According to MarketBeat, Legrand currently has an average rating of “Buy”.

Legrand Trading Down 18.6%

The firm’s 50-day moving average is $160.92 and its 200-day moving average is $164.75. 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 firm has a market cap of $36.83 billion, a price-to-earnings ratio of 32.18 and a beta of 1.01.

About Legrand

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.