Legrand (OTCMKTS:LGRDY) Hits New 52-Week High - Time to Buy?

Legrand SA (OTCMKTS:LGRDY - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $24.87 and last traded at $24.60, with a volume of 31813 shares. The stock had previously closed at $24.58.

Analyst Ratings Changes

Separately, Royal Bank of Canada upgraded Legrand from a "strong sell" rating to a "hold" rating in a research note on Monday, February 24th.

Legrand Stock Performance

The company has a debt-to-equity ratio of 0.68, a current ratio of 1.95 and a quick ratio of 1.39. The firm has a market capitalization of $32.48 billion, a PE ratio of 25.68, a P/E/G ratio of 5.98 and a beta of 0.80. The company's fifty day simple moving average is $22.41 and its 200 day simple moving average is $21.36.

Legrand (OTCMKTS:LGRDY - Get Free Report) last announced its quarterly earnings results 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 net margin of 13.48% and a return on equity of 16.63%. The business had revenue of $2.59 billion for the quarter, compared to analysts' expectations of $2.26 billion. As a group, equities research analysts expect that Legrand SA will post 1.08 EPS for the current fiscal year.

Legrand Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Thursday, May 29th will be issued a $0.3264 dividend. This represents a dividend yield of 1.34%. The ex-dividend date of this dividend is Wednesday, May 28th. Legrand's payout ratio is 30.21%.

Legrand Company Profile

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.

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