LeGrand (OTCMKTS:LGRDY) Reaches New 52-Week High - Time to Buy?

Shares of LeGrand SA (OTCMKTS:LGRDY - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $27.89 and last traded at $27.89, with a volume of 5383 shares. The stock had previously closed at $26.07.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reaffirmed an "overweight" rating on shares of LeGrand in a report on Tuesday, July 1st.

LeGrand Stock Up 2.6%

The firm has a market cap of $38.23 billion, a price-to-earnings ratio of 30.17, a PEG ratio of 4.87 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.45 and a current ratio of 1.94. The business's 50-day moving average is $25.34 and its 200-day moving average is $22.70.

LeGrand (OTCMKTS:LGRDY - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). LeGrand had a return on equity of 16.09% and a net margin of 17.18%. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.26 billion. On average, equities analysts predict that LeGrand SA will post 1.08 EPS for the current year.

LeGrand Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, June 17th. Investors of record on Thursday, May 29th were issued a dividend of $0.3264 per share. This represents a yield of 1.34%. The ex-dividend date was Wednesday, May 28th. LeGrand's dividend payout ratio is currently 32.29%.

About LeGrand

Legrand SA, together with its subsidiaries, manufactures, distributes, and sells electrical and digital building infrastructures in Europe, North and Central America, and internationally. The company offers energy distribution, protection, and management solutions, such as electric vehicle charging, residential and small commercial panels, switchboards and power cabinets, and UPS devices; and wiring devices, connected home and building control solutions, and guestroom solutions, as well as back, junction, DCL, and floor boxes.