LeGrand SA (OTCMKTS:LGRDY) Short Interest Down 42.6% in July

LeGrand SA (OTCMKTS:LGRDY) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 2,975 shares, a drop of 42.6% from the July 15th total of 5,184 shares. Based on an average daily volume of 368,537 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several research firms have commented on LGRDY. Citigroup reiterated a “buy” rating on shares of LeGrand in a research report on Thursday, June 18th. Barclays raised LeGrand from an “overweight” rating to an “overweight” rating in a research note on Monday, July 6th. 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. Zacks Research raised LeGrand from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of LeGrand in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

LeGrand Stock Performance

OTCMKTS LGRDY opened at $31.32 on Wednesday. The company has a market capitalization of $41.07 billion, a PE ratio of 27.00, a price-to-earnings-growth ratio of 2.32 and a beta of 0.96. The company has a 50-day simple moving average of $32.05 and a 200 day simple moving average of $33.28. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.39 and a current ratio of 1.96. LeGrand has a 52-week low of $28.73 and a 52-week high of $37.91.

LeGrand (OTCMKTS:LGRDY) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.04). The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.18 billion. LeGrand had a return on equity of 17.83% and a net margin of 13.01%. On average, research analysts predict that LeGrand will post 1.41 EPS for the current year.

LeGrand Company Profile

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.