LeGrand SA (OTCMKTS:LGRDY) Short Interest Down 95.4% in June

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

LeGrand Price Performance

Shares of LeGrand stock traded down $0.72 during mid-day trading on Friday, reaching $32.97. 643,741 shares of the stock traded hands, compared to its average volume of 334,392. The stock has a market capitalization of $43.23 billion, a PE ratio of 29.97, a PEG ratio of 2.63 and a beta of 0.96. The business has a 50-day moving average of $34.57 and a 200 day moving average of $32.75. LeGrand has a fifty-two week low of $25.96 and a fifty-two week high of $37.91. The company has a quick ratio of 1.39, a current ratio of 1.96 and a debt-to-equity ratio of 0.81.

LeGrand (OTCMKTS:LGRDY) last issued 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). LeGrand had a return on equity of 16.89% and a net margin of 13.29%.The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.90 billion. On average, analysts predict that LeGrand will post 1.41 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.