LeGrand SA (OTCMKTS:LGRDY) Shares Shorted: Short Interest Down 36.3% in September

LeGrand SA (OTCMKTS:LGRDY) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 58,604 shares, a decrease of 36.3% from the August 31st total of 91,982 shares. Based on an average daily trading volume, of 342,090 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

LGRDY has been the topic of a number of analyst reports. Royal Bank Of Canada upgraded shares of LeGrand from a “sector perform” rating to an “outperform” rating in a report on Monday, August 3rd. Citigroup restated a “buy” rating on shares of LeGrand in a research report on Thursday, June 18th. Barclays upgraded shares of LeGrand from an “overweight” rating to an “overweight” rating in a report on Monday, July 6th. Morgan Stanley reiterated an “overweight” rating on shares of LeGrand in a research note on Friday, August 28th. Finally, Zacks Research raised LeGrand from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, LeGrand has an average rating of “Moderate Buy”.

LeGrand Trading Down 1.8%

Shares of LGRDY stock opened at $31.92 on Thursday. LeGrand has a twelve month low of $28.73 and a twelve month high of $37.91. The company has a current ratio of 1.58, a quick ratio of 1.12 and a debt-to-equity ratio of 0.89. The business’s 50 day moving average is $31.60 and its two-hundred day moving average is $32.79. The company has a market capitalization of $41.85 billion, a P/E ratio of 27.52, a price-to-earnings-growth ratio of 1.78 and a beta of 0.96.

LeGrand (OTCMKTS:LGRDY) last issued its earnings results on Wednesday, July 29th. The company reported $0.32 earnings per share 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 17.74%. The firm had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.18 billion. Equities analysts forecast that LeGrand will post 1.4 EPS for the current year.

LeGrand Company Profile

Legrand SA is a France-based specialist in electrical and digital building infrastructure. The company designs, manufactures and distributes products and systems used to manage, distribute and control electricity and data in residential, commercial, industrial and infrastructure environments.

Its product portfolio includes wiring devices, electrical and digital protection equipment, power distribution systems, cable management, structured cabling, lighting control, home automation and connected-building solutions.