LeGrand (OTCMKTS:LGRDY) Trading Up 0.3% - Should You Buy?

Shares of LeGrand SA (OTCMKTS:LGRDY - Get Free Report) shot up 0.3% during mid-day trading on Tuesday . The company traded as high as $26.51 and last traded at $26.35. 45,149 shares were traded during mid-day trading, a decline of 85% from the average session volume of 295,589 shares. The stock had previously closed at $26.26.

Wall Street Analyst Weigh In

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

LeGrand Stock Down 1.1%

The company has a debt-to-equity ratio of 0.63, a current ratio of 1.94 and a quick ratio of 1.45. The stock has a market capitalization of $34.40 billion, a PE ratio of 27.15, a PEG ratio of 4.53 and a beta of 0.82. The company has a 50 day moving average price of $25.06 and a 200-day moving average price of $22.54.

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

LeGrand Cuts Dividend

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

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.