Short Interest in LeGrand SA (OTCMKTS:LGRDY) Drops By 95.9%

LeGrand SA (OTCMKTS:LGRDY) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 5,184 shares, a decrease of 95.9% from the June 30th total of 127,837 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 260,035 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LGRDY shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of LeGrand in a research note on Tuesday, June 23rd. Barclays raised shares of LeGrand from an “overweight” rating to an “overweight” rating in a report on Monday, July 6th. Zacks Research downgraded shares of LeGrand from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. Evercore raised shares of LeGrand to a “hold” rating in a report on Monday, April 13th. Finally, Citigroup reaffirmed a “buy” rating on shares of LeGrand in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

LeGrand Stock Performance

Shares of LeGrand stock traded down $0.43 during trading on Friday, hitting $30.33. 134,950 shares of the stock were exchanged, compared to its average volume of 165,386. 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 12 month low of $28.73 and a 12 month high of $37.91. The stock’s fifty day moving average is $33.04 and its 200 day moving average is $33.06. The stock has a market cap of $39.77 billion, a PE ratio of 27.57, a P/E/G ratio of 2.38 and a beta of 0.95.

LeGrand (OTCMKTS:LGRDY) last issued 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 net margin of 13.29% and a return on equity of 16.89%. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.90 billion. As a group, sell-side analysts anticipate that LeGrand will post 1.4 EPS for the current year.

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.