LeGrand SA (OTCMKTS:LGRDY) Short Interest Update

Key Points

• Short interest fell 42.6% to 2,975 shares as of July 31, representing virtually 0% of LeGrand’s outstanding stock and a 0.0-day short-interest ratio.
• LeGrand shares traded at $32.59, within a 52-week range of $28.73 to $37.91. The company reported quarterly revenue of $3.26 billion, exceeding estimates, but earnings per share of $0.32 missed expectations of $0.36.
• Analyst sentiment is positive overall, with MarketBeat reporting a “Moderate Buy” consensus rating based on one Strong Buy, three Buy, and six Hold ratings.

LeGrand SA (OTCMKTS:LGRDY - Get Free Report) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 2,975 shares, a drop of 42.6% from the July 15th total of 5,184 shares. Approximately 0.0% of the company's stock are short sold. Based on an average trading volume of 368,537 shares, the short-interest ratio is currently 0.0 days.

LeGrand Stock Performance

OTCMKTS:LGRDY traded up $0.07 during mid-day trading on Monday, hitting $32.59. The stock had a trading volume of 47,935 shares, compared to its average volume of 155,018. The company has a current ratio of 1.96, a quick ratio of 1.39 and a debt-to-equity ratio of 0.81. The company has a 50 day simple moving average of $32.05 and a 200-day simple moving average of $33.27. The stock has a market capitalization of $42.73 billion, a price-to-earnings ratio of 28.10, a P/E/G ratio of 2.32 and a beta of 0.96. LeGrand has a 52 week low of $28.73 and a 52 week high of $37.91.

LeGrand (OTCMKTS:LGRDY - Get Free Report) 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). The firm had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.18 billion. LeGrand had a return on equity of 17.83% and a net margin of 13.01%. On average, research analysts expect that LeGrand will post 1.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Royal Bank Of Canada raised LeGrand from a "sector perform" rating to an "outperform" rating in a research report on Monday, August 3rd. Citigroup restated a "buy" rating on shares of LeGrand in a research note on Thursday, June 18th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of LeGrand in a report on Tuesday, June 23rd. Barclays upgraded shares of LeGrand from an "overweight" rating to an "overweight" rating in a research note on Monday, July 6th. Finally, Zacks Research raised shares of LeGrand from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, LeGrand has a consensus rating of "Moderate Buy".

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.

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