LeGrand SA (OTCMKTS:LGRDY) Sees Large Drop in Short Interest

LeGrand SA (OTCMKTS:LGRDY) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 3,511 shares, a decline of 95.4% from the May 31st total of 76,660 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 418,516 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LGRDY shares. Evercore raised shares of LeGrand to a “hold” rating in a report on Monday, April 13th. Citigroup reissued a “buy” rating on shares of LeGrand in a report on Thursday, June 18th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of LeGrand in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

LeGrand Stock Performance

OTCMKTS LGRDY traded up $0.46 during trading hours on Thursday, reaching $33.69. The stock had a trading volume of 223,155 shares, compared to its average volume of 326,994. LeGrand has a 52-week low of $25.32 and a 52-week high of $37.91. The stock has a fifty day moving average of $34.61 and a 200 day moving average of $32.75. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.39 and a current ratio of 1.96. The stock has a market cap of $44.18 billion, a P/E ratio of 30.21, a price-to-earnings-growth ratio of 2.60 and a beta of 0.96.

LeGrand (OTCMKTS:LGRDY) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.90 billion. LeGrand had a return on equity of 16.89% and a net margin of 13.29%. Sell-side analysts predict that LeGrand will post 1.41 earnings per share for the current year.

About LeGrand

Legrand (OTCMKTS: LGRDY) is a French multinational that designs, manufactures and distributes electrical and digital building infrastructure solutions. The company’s product portfolio spans wiring devices such as switches and outlets, cable management and trunking systems, power distribution and protection equipment, lighting control and energy management systems, as well as solutions for data centers and building automation. Its offerings are positioned for new construction and retrofit projects in residential, commercial, industrial and institutional buildings.

Legrand supplies both branded products and integrated systems to electrical contractors, distributors, installers and original equipment manufacturers.