LeGrand SA (OTCMKTS:LGRDY) Sees Significant Decrease in Short Interest

Key Points

• LeGrand SA experienced a **63.4% decrease** in short interest, with current short interest totaling **11,700 shares** as of September 30th, compared to **32,000 shares** on September 15th.
• Analysts have provided mixed ratings for LeGrand, with one **Strong Buy**, three **Buy**, and two **Hold** ratings, resulting in an average rating of **Moderate Buy**.
• The stock is currently down **2.2%**, trading at **$33.83**, while the company's market cap stands at **$44.66 billion** and it reported revenue of **$2.87 billion** in its last quarterly earnings.

LeGrand SA (OTCMKTS:LGRDY - Get Free Report) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 11,700 shares, a decline of 63.4% from the September 15th total of 32,000 shares. Based on an average daily trading volume, of 142,400 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 142,400 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Several research analysts have weighed in on LGRDY shares. Royal Bank Of Canada reiterated a "sector perform" rating on shares of LeGrand in a report on Monday, August 4th. Kepler Capital Markets lowered LeGrand from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 1st. Jefferies Financial Group upgraded LeGrand from a "moderate sell" rating to a "strong-buy" rating in a report on Sunday, October 12th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of LeGrand in a research note on Monday, October 6th. Finally, Citigroup reaffirmed a "buy" rating on shares of LeGrand in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy".

LeGrand Stock Down 2.2%

LGRDY traded down $0.77 during trading on Friday, reaching $33.83. 77,886 shares of the stock were exchanged, compared to its average volume of 68,619. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.45 and a current ratio of 1.94. The stock's 50 day moving average price is $32.08 and its two-hundred day moving average price is $27.32. LeGrand has a twelve month low of $18.85 and a twelve month high of $34.72. The stock has a market cap of $44.66 billion, a P/E ratio of 34.73, a price-to-earnings-growth ratio of 2.15 and a beta of 0.78.

LeGrand (OTCMKTS:LGRDY - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.04). LeGrand had a return on equity of 16.31% and a net margin of 17.13%.The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.37 billion. Equities analysts expect that LeGrand will post 1.08 EPS for the current year.

About LeGrand

Legrand SA, together with its subsidiaries, manufactures, distributes, and sells electrical and digital building infrastructures in Europe, North and Central America, and internationally. The company offers energy distribution, protection, and management solutions, such as electric vehicle charging, residential and small commercial panels, switchboards and power cabinets, and UPS devices; and wiring devices, connected home and building control solutions, and guestroom solutions, as well as back, junction, DCL, and floor boxes.

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