LeGrand SA (OTCMKTS:LGRDY) Sees Significant Decrease in Short Interest

LeGrand SA (OTCMKTS:LGRDY) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 2,975 shares, a decline of 42.6% from the July 15th total of 5,184 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 368,537 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

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

LeGrand Stock Down 3.9%

Shares of LeGrand stock traded down $1.25 on Tuesday, reaching $31.29. 44,983 shares of the company were exchanged, compared to its average volume of 154,941. LeGrand has a 1-year low of $28.73 and a 1-year high of $37.91. The company has a market cap of $41.02 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 2.32 and a beta of 0.96. 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 stock’s 50 day moving average price is $32.06 and its 200-day moving average price is $33.28.

LeGrand (OTCMKTS:LGRDY) last issued its earnings results on Wednesday, July 29th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.04). LeGrand had a net margin of 13.01% and a return on equity of 17.83%. The firm had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.18 billion. As a group, equities analysts forecast that LeGrand will post 1.41 EPS for the current year.

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.