LeGrand (OTCMKTS:LGRDY) Sees Strong Trading Volume - Here's Why

LeGrand SA (OTCMKTS:LGRDY - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 914,204 shares were traded during mid-day trading, an increase of 644% from the previous session's volume of 122,809 shares.The stock last traded at $26.48 and had previously closed at $26.70.

Wall Street Analyst Weigh In

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

LeGrand Trading Down 0.4%

The company has a 50 day moving average of $24.90 and a 200-day moving average of $22.45. 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 stock has a market cap of $35.09 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 4.59 and a beta of 0.82.

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

LeGrand Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, June 17th. Investors of record on Thursday, May 29th were paid a dividend of $0.3264 per share. This represents a yield of 1.34%. The ex-dividend date was Wednesday, May 28th. LeGrand's payout ratio is 31.25%.

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.