LeGrand SA (OTCMKTS:LGRDY) Short Interest Update

Key Points

• LeGrand SA experienced a dramatic increase in short interest, rising 109.6% to 52,600 shares as of August 31st, indicating heightened bearish sentiment among investors.
• The company reported earnings of $0.26 per share for the last quarter, missing expectations of $0.30, while revenue exceeded estimates at $2.87 billion.
• Analysts maintain a consensus rating of "Moderate Buy" for LeGrand, with two analysts recommending a buy and one a hold on the stock.

LeGrand SA (OTCMKTS:LGRDY - Get Free Report) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 52,600 shares, an increase of 109.6% from the August 15th total of 25,100 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 477,900 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 477,900 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company's stock are short sold.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of LeGrand in a research note on Monday, August 4th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of LeGrand in a research note on Monday, August 4th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of LeGrand in a research note on Tuesday, July 1st. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

LeGrand Trading Up 0.2%

LGRDY traded up $0.06 during trading on Friday, reaching $32.60. 31,641 shares of the company's stock were exchanged, compared to its average volume of 169,957. LeGrand has a one year low of $18.85 and a one year high of $32.63. The company has a current ratio of 1.94, a quick ratio of 1.45 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $43.04 billion, a PE ratio of 33.47, a price-to-earnings-growth ratio of 3.49 and a beta of 0.80. The firm has a fifty day moving average price of $29.65 and a two-hundred day moving average price of $25.41.

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