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

LeGrand SA (OTCMKTS:LGRDY) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 127,837 shares, an increase of 3,541.0% from the June 15th total of 3,511 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 954,455 shares, the short-interest ratio is presently 0.1 days.

LeGrand Stock Performance

Shares of LGRDY traded down $0.30 during midday trading on Friday, reaching $32.02. 51,011 shares of the stock were exchanged, compared to its average volume of 369,429. LeGrand has a twelve month low of $25.96 and a twelve month high of $37.91. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.96 and a quick ratio of 1.39. The company has a market capitalization of $41.99 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 2.51 and a beta of 0.95. The business’s 50-day moving average price is $34.08 and its 200 day moving average price is $32.97.

LeGrand (OTCMKTS:LGRDY) last announced its earnings results on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.90 billion. LeGrand had a net margin of 13.29% and a return on equity of 16.89%. On average, sell-side analysts expect that LeGrand will post 1.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LGRDY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of LeGrand in a research note on Tuesday, June 23rd. Evercore raised LeGrand to a “hold” rating in a research report on Monday, April 13th. Citigroup reiterated a “buy” rating on shares of LeGrand in a report on Thursday, June 18th. Zacks Research cut LeGrand from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Finally, Barclays raised LeGrand from an “overweight” rating to an “overweight” rating in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average 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.