LeGrand SA (OTCMKTS:LGRDY) Short Interest Update

LeGrand SA (OTCMKTS:LGRDY) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 5,184 shares, a decrease of 95.9% from the June 30th total of 127,837 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 260,035 shares, the days-to-cover ratio is presently 0.0 days.

LeGrand Price Performance

LGRDY stock opened at $30.33 on Friday. LeGrand has a 1 year low of $28.73 and a 1 year high of $37.91. The stock has a market capitalization of $39.77 billion, a PE ratio of 27.57, a price-to-earnings-growth ratio of 2.41 and a beta of 0.95. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.96 and a quick ratio of 1.39. The company’s 50-day moving average is $33.04 and its 200-day moving average is $33.06.

LeGrand (OTCMKTS:LGRDY) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). LeGrand had a return on equity of 16.89% and a net margin of 13.29%.The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.90 billion. Equities research analysts expect that LeGrand will post 1.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on LGRDY. Citigroup reissued a “buy” rating on shares of LeGrand in a research report on Thursday, June 18th. Barclays upgraded LeGrand from an “overweight” rating to an “overweight” rating in a research report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of LeGrand in a research note on Tuesday, June 23rd. Evercore upgraded LeGrand to a “hold” rating in a report on Monday, April 13th. Finally, Zacks Research lowered LeGrand from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, LeGrand has an average rating of “Hold”.

LeGrand Company Profile

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.