LeGrand SA (OTCMKTS:LGRDY) Short Interest Update

LeGrand SA (OTCMKTS:LGRDY) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totaling 18,889 shares, a decrease of 65.5% from the November 30th total of 54,791 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 340,784 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 340,784 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

LeGrand Price Performance

Shares of OTCMKTS LGRDY traded down $0.00 during trading on Friday, hitting $29.97. The company had a trading volume of 23,986 shares, compared to its average volume of 134,232. LeGrand has a 52 week low of $18.85 and a 52 week high of $34.83. The business’s 50-day moving average is $31.08 and its 200 day moving average is $30.20. The company has a market cap of $39.56 billion, a P/E ratio of 30.27, a PEG ratio of 2.38 and a beta of 0.89. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.69 and a current ratio of 2.22.

LeGrand (OTCMKTS:LGRDY) last issued its earnings results on Thursday, November 6th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.05). LeGrand had a return on equity of 16.05% and a net margin of 16.71%.The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.62 billion. Equities research analysts predict that LeGrand will post 1.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LGRDY. Barclays reaffirmed an “overweight” rating on shares of LeGrand in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft cut LeGrand from a “buy” rating to a “hold” rating in a report on Thursday, November 6th. Citigroup reaffirmed a “buy” rating on shares of LeGrand in a research note on Wednesday, October 1st. Kepler Capital Markets upgraded LeGrand from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. Finally, UBS Group upgraded LeGrand to a “hold” rating in a report on Tuesday, December 16th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, LeGrand has an average rating of “Moderate Buy”.

LeGrand Company Profile

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.