Legrand (OTCMKTS:LGRVF) Shares Gap Down - What's Next?

Key Points

• Legrand SA shares gapped down before market opening, dropping from a previous close of $170.04 to open at $165.41.
• The stock has recorded a 2.7% decrease in value and has a market capitalization of $44.02 billion, alongside a PE ratio of 38.47.
• Legrand manufactures and distributes electrical and digital building infrastructures across multiple regions, including Europe and the Americas.

Legrand SA (OTCMKTS:LGRVF - ) gapped down before the market opened on Wednesday . The stock had previously closed at $170.04, but opened at $165.41. Legrand shares last traded at $165.41, with a volume of 195 shares trading hands.

Legrand Stock Down 2.7%

The stock has a 50-day simple moving average of $157.41 and a two-hundred day simple moving average of $130.72. The company has a quick ratio of 1.39, a current ratio of 1.95 and a debt-to-equity ratio of 0.68. The firm has a market cap of $44.02 billion, a PE ratio of 38.47 and a beta of 1.01.

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.

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