LeGrand SA (OTCMKTS:LGRDY) Short Interest Update

by · The Markets Daily

LeGrand SA (OTCMKTS:LGRDY – Get Free Report) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 8,459 shares, an increase of 184.3% from the July 30th total of 2,975 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 193,508 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

LGRDY has been the topic of several research reports. 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. Citigroup reissued a “buy” rating on shares of LeGrand in a research report on Thursday, June 18th. Morgan Stanley reiterated an “overweight” rating on shares of LeGrand in a research report on Friday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of LeGrand in a research report on Tuesday, June 23rd. Finally, Barclays raised shares of LeGrand from an “overweight” rating to an “overweight” rating in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Get Our Latest Research Report on LeGrand

LeGrand Trading Up 1.4%

LGRDY stock traded up $0.43 during midday trading on Friday, reaching $32.19. 179,481 shares of the company’s stock traded hands, compared to its average volume of 109,097. 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 has a fifty-two week low of $28.73 and a fifty-two week high of $37.91. The business has a 50-day moving average price of $31.91 and a two-hundred day moving average price of $33.23. The company has a market capitalization of $42.21 billion, a P/E ratio of 27.75, a PEG ratio of 2.27 and a beta of 0.96.

LeGrand (OTCMKTS:LGRDY – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.32 EPS 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 company had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.18 billion. Equities research analysts forecast that LeGrand will post 1.41 EPS for the current fiscal year.

About LeGrand

(Get Free Report)

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.

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