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

LeGrand SA (OTCMKTS:LGRDY) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 3,511 shares, a decrease of 95.4% from the May 31st total of 76,660 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 418,516 shares, the days-to-cover ratio is currently 0.0 days.

LeGrand Stock Down 1.9%

Shares of LeGrand stock traded down $0.63 during trading on Friday, hitting $33.06. 256,096 shares of the stock traded hands, compared to its average volume of 155,584. The company has a current ratio of 1.96, a quick ratio of 1.39 and a debt-to-equity ratio of 0.81. The stock’s fifty day simple moving average is $34.61 and its 200 day simple moving average is $32.75. The firm has a market cap of $43.35 billion, a P/E ratio of 30.05, a price-to-earnings-growth ratio of 2.60 and a beta of 0.96. LeGrand has a 52-week low of $25.96 and a 52-week high of $37.91.

LeGrand (OTCMKTS:LGRDY) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). LeGrand had a return on equity of 16.89% and a net margin of 13.29%.The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.90 billion. On average, equities analysts predict that LeGrand will post 1.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LGRDY has been the subject of a number of research analyst reports. Evercore raised LeGrand to a “hold” rating in a research note on Monday, April 13th. Citigroup reiterated a “buy” rating on shares of LeGrand in a research note on Thursday, June 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of LeGrand in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold”.

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.