LeGrand SA (OTCMKTS:LGRDY) Short Interest Update

LeGrand SA (OTCMKTS:LGRDY) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 2,975 shares, a decrease of 42.6% from the July 15th total of 5,184 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 368,537 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Several research firms have commented on LGRDY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of LeGrand in a research note on Tuesday, June 23rd. Royal Bank Of Canada upgraded shares of LeGrand from a “sector perform” rating to an “outperform” rating in a report on Monday, August 3rd. Citigroup reiterated a “buy” rating on shares of LeGrand in a research note on Thursday, June 18th. Zacks Research raised LeGrand from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 5th. Finally, Barclays upgraded LeGrand from an “overweight” rating to an “overweight” rating in a research report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

LeGrand Price Performance

LGRDY stock traded up $0.07 during trading hours on Monday, hitting $32.59. 47,935 shares of the stock traded hands, compared to its average volume of 155,018. The stock has a 50-day simple moving average of $32.05 and a 200 day simple moving average of $33.27. The company has a market cap of $42.73 billion, a P/E ratio of 28.10, a P/E/G ratio of 2.32 and a beta of 0.96. LeGrand has a one year low of $28.73 and a one year high of $37.91. The company has a current ratio of 1.96, a quick ratio of 1.39 and a debt-to-equity ratio of 0.81.

LeGrand (OTCMKTS:LGRDY) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.04). LeGrand had a return on equity of 17.83% and a net margin of 13.01%.The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.18 billion. Equities analysts forecast 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.