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

LeGrand SA (OTCMKTS:LGRDYGet Free Report) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 8,459 shares, a growth of 184.3% from the July 30th total of 2,975 shares. Based on an average daily volume of 193,508 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

LeGrand Stock Up 1.4%

Shares of LGRDY stock opened at $32.19 on Friday. The stock’s 50-day simple moving average is $31.91 and its 200-day simple moving average is $33.23. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.39 and a current ratio of 1.96. The firm has a market capitalization of $42.21 billion, a PE ratio of 27.75, a P/E/G ratio of 2.30 and a beta of 0.96. LeGrand has a fifty-two week low of $28.73 and a fifty-two week high of $37.91.

LeGrand (OTCMKTS:LGRDYGet Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.04). The firm had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.18 billion. LeGrand had a return on equity of 17.83% and a net margin of 13.01%. Equities analysts expect that LeGrand will post 1.41 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of LeGrand in a report on Tuesday, June 23rd. Morgan Stanley restated an “overweight” rating on shares of LeGrand in a research note on Friday. Citigroup reaffirmed a “buy” rating on shares of LeGrand in a research report on Thursday, June 18th. Barclays upgraded LeGrand from an “overweight” rating to an “overweight” rating in a research note on Monday, July 6th. Finally, Royal Bank Of Canada raised LeGrand from a “sector perform” rating to an “outperform” rating in a report on Monday, August 3rd. One 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Get Our Latest Stock Analysis on LGRDY

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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