Short Interest in LeGrand SA (OTCMKTS:LGRDY) Rises By 987.4%

LeGrand SA (OTCMKTS:LGRDY) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 91,982 shares, a growth of 987.4% from the August 15th total of 8,459 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 181,465 shares, the days-to-cover ratio is presently 0.5 days.

LeGrand Price Performance

LGRDY traded down $0.28 on Thursday, reaching $32.29. The stock had a trading volume of 177,308 shares, compared to its average volume of 110,665. LeGrand has a fifty-two week low of $28.73 and a fifty-two week high of $37.91. The firm has a 50-day moving average of $31.70 and a 200-day moving average of $33.03. 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 company has a market capitalization of $42.34 billion, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 1.80 and a beta of 0.96.

LeGrand (OTCMKTS:LGRDY) last posted its earnings results on Wednesday, July 29th. The company reported $0.32 EPS 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 the consensus estimate of $3.18 billion. As a group, sell-side analysts anticipate that LeGrand will post 1.41 EPS for the current year.

Analyst Upgrades and Downgrades

LGRDY has been the subject of several research analyst reports. Zacks Research raised LeGrand from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 5th. Citigroup restated a “buy” rating on shares of LeGrand in a research note on Thursday, June 18th. Deutsche Bank Aktiengesellschaft raised shares of LeGrand from a “hold” rating to a “buy” rating in a report on Wednesday, September 2nd. Royal Bank Of Canada raised shares of LeGrand from a “sector perform” rating to an “outperform” rating in a research note on Monday, August 3rd. Finally, Morgan Stanley restated an “overweight” rating on shares of LeGrand in a research report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

LeGrand Company Profile

Legrand SA is a France-based specialist in electrical and digital building infrastructure. The company develops, manufactures and markets equipment used to distribute, control, protect and manage electricity and data in residential, commercial, industrial and infrastructure environments.

Its product portfolio includes wiring devices such as switches and sockets, electrical protection and distribution systems, cable management solutions, connected-home and building-automation products, and systems for data centers and other digital infrastructure applications.