Short Interest in Legrand SA (OTCMKTS:LGRDY) Drops By 53.6%

Legrand SA (OTCMKTS:LGRDY - Get Free Report) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 33,000 shares, a decline of 53.6% from the March 15th total of 71,100 shares. Based on an average daily trading volume, of 164,500 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upgraded Legrand from a "strong sell" rating to a "hold" rating in a research report on Monday, February 24th.

Legrand Trading Down 2.2 %

OTCMKTS:LGRDY traded down $0.48 during midday trading on Monday, hitting $20.95. 47,924 shares of the company traded hands, compared to its average volume of 141,948. The firm has a market capitalization of $27.66 billion, a P/E ratio of 21.87, a P/E/G ratio of 5.98 and a beta of 0.83. The firm's fifty day moving average is $21.86 and its 200-day moving average is $21.09. Legrand has a 12-month low of $18.85 and a 12-month high of $23.63. The company has a current ratio of 1.95, a quick ratio of 1.39 and a debt-to-equity ratio of 0.68.

Legrand (OTCMKTS:LGRDY - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. Legrand had a net margin of 13.48% and a return on equity of 16.63%. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.19 billion. On average, sell-side analysts predict 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.