LeGrand SA (OTCMKTS:LGRDY) Short Interest Update

LeGrand SA (OTCMKTS:LGRDYGet Free Report) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 26,147 shares, a growth of 236.6% from the April 15th total of 7,769 shares. Based on an average trading volume of 135,252 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

LeGrand Trading Down 1.8%

LGRDY stock traded down $0.66 during trading on Friday, hitting $35.45. The company had a trading volume of 55,228 shares, compared to its average volume of 122,447. The company has a quick ratio of 1.69, a current ratio of 2.22 and a debt-to-equity ratio of 0.78. The firm has a 50-day moving average price of $33.51 and a 200-day moving average price of $32.18. LeGrand has a 12 month low of $23.99 and a 12 month high of $37.91. The stock has a market cap of $46.48 billion, a price-to-earnings ratio of 32.23, a PEG ratio of 2.06 and a beta of 0.98.

LeGrand (OTCMKTS:LGRDYGet Free Report) last posted its quarterly earnings data 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 17.27% and a net margin of 13.29%.The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.90 billion. As a group, analysts predict that LeGrand will post 1.46 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on LGRDY. Kepler Capital Markets cut shares of LeGrand from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Citigroup reiterated a “buy” rating on shares of LeGrand in a research note on Friday, February 13th. Finally, Evercore upgraded shares of LeGrand to a “hold” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

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About LeGrand

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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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