LeGrand SA (OTCMKTS:LGRDY) Short Interest Up 987.4% in August

LeGrand SA (OTCMKTS:LGRDY) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 91,982 shares, a growth of 987.4% from the August 15th total of 8,459 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 181,465 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Barclays upgraded shares of LeGrand from an “overweight” rating to an “overweight” rating in a research report on Monday, July 6th. Royal Bank Of Canada upgraded shares of LeGrand from a “sector perform” rating to an “outperform” rating in a research report on Monday, August 3rd. Zacks Research raised shares of LeGrand from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 5th. Citigroup restated a “buy” rating on shares of LeGrand in a report on Thursday, June 18th. Finally, Deutsche Bank Aktiengesellschaft raised shares of LeGrand from a “hold” rating to a “buy” rating in a research report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

LeGrand Trading Up 1.5%

LGRDY stock traded up $0.50 during mid-day trading on Friday, reaching $32.79. The company’s stock had a trading volume of 72,607 shares, compared to its average volume of 116,760. The company has a market cap of $43.00 billion, a price-to-earnings ratio of 28.27, a price-to-earnings-growth ratio of 1.78 and a beta of 0.96. The business’s 50 day moving average price is $31.71 and its 200 day moving average price is $33.03. The company has a current ratio of 1.58, a quick ratio of 1.12 and a debt-to-equity ratio of 0.89. LeGrand has a 12 month low of $28.73 and a 12 month high of $37.91.

LeGrand (OTCMKTS:LGRDY) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.18 billion. LeGrand had a return on equity of 17.74% and a net margin of 13.01%. On average, equities research analysts predict that LeGrand will post 1.41 EPS for the current year.

LeGrand Company Profile

Legrand SA is a France-based specialist in electrical and digital building infrastructure. The company develops, manufactures and markets equipment used to distribute, control, protect and manage electricity and data in residential, commercial, industrial and infrastructure environments.

Its product portfolio includes wiring devices such as switches and sockets, electrical protection and distribution systems, cable management solutions, connected-home and building-automation products, and systems for data centers and other digital infrastructure applications.