LEG Immobilien (OTCMKTS:LEGIF) Shares Down 8.3% - What's Next?

Key Points

• LEG Immobilien's shares fell by 8.3% on Tuesday, closing at $78.33, with a significant trading volume increase of 573% from the average session.
• BNP Paribas downgraded LEG Immobilien from a "neutral" rating to an "underperform" rating, contributing to a current average rating of "Reduce" for the stock.
• Despite reporting a revenue of $268.94 million in its last quarterly earnings, LEG Immobilien missed earnings per share estimates by $0.67, indicating ongoing financial strain.

LEG Immobilien AG (OTCMKTS:LEGIF - Get Free Report) dropped 8.3% on Tuesday . The stock traded as low as $78.19 and last traded at $78.33. Approximately 401 shares traded hands during trading, an increase of 573% from the average daily volume of 60 shares. The stock had previously closed at $85.41.

Analyst Ratings Changes

Separately, BNP Paribas lowered LEG Immobilien from a "neutral" rating to an "underperform" rating in a research report on Wednesday, September 10th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Reduce".

LEG Immobilien Price Performance

The stock has a market capitalization of $5.78 billion, a PE ratio of 10.21 and a beta of 0.82. The stock has a 50 day moving average of $84.32 and a two-hundred day moving average of $81.31.

LEG Immobilien (OTCMKTS:LEGIF - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.39 earnings per share for the quarter, missing analysts' consensus estimates of $2.06 by ($0.67). The business had revenue of $268.94 million during the quarter, compared to analysts' expectations of $230.02 million. LEG Immobilien had a net margin of 50.86% and a return on equity of 7.36%.

LEG Immobilien Company Profile

LEG Immobilien SE, together with its subsidiaries, operates as an integrated property company in Germany. The company engages in the performance of services and management of equity investments; property management and location development; performance of services for third parties and housing industry services; and generation of electricity and heat activities.