LeGrand SA (OTCMKTS:LGRDY) Sees Large Drop in Short Interest

LeGrand SA (OTCMKTS:LGRDY) saw a large 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. Based on an average daily trading volume, of 260,035 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

LGRDY has been the topic of a number of recent analyst reports. Evercore raised shares of LeGrand to a “hold” rating in a report on Monday, April 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of LeGrand in a research note on Tuesday, June 23rd. Barclays upgraded shares of LeGrand from an “overweight” rating to an “overweight” rating in a report on Monday, July 6th. Zacks Research downgraded LeGrand from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Finally, Citigroup reaffirmed a “buy” rating on shares of LeGrand in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

LeGrand Trading Down 1.4%

OTCMKTS:LGRDY traded down $0.43 during trading hours on Friday, hitting $30.33. The company had a trading volume of 134,950 shares, compared to its average volume of 165,386. The company 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 stock has a 50-day moving average price of $33.04 and a 200 day moving average price of $33.06. LeGrand has a 52 week low of $28.73 and a 52 week high of $37.91. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.96 and a quick ratio of 1.39.

LeGrand (OTCMKTS:LGRDY) last issued its quarterly earnings data 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 net margin of 13.29% and a return on equity of 16.89%. The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.90 billion. On average, equities research analysts predict that LeGrand will post 1.4 EPS for the current fiscal 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.