Short Interest in LeGrand SA (OTCMKTS:LGRDY) Expands By 3,541.0%

LeGrand SA (OTCMKTS:LGRDY) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 127,837 shares, an increase of 3,541.0% from the June 15th total of 3,511 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 954,455 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LGRDY. Evercore upgraded LeGrand to a “hold” rating in a report on Monday, April 13th. Barclays raised shares of LeGrand from an “overweight” rating to an “overweight” rating in a research note on Monday. Zacks Research cut shares of LeGrand from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of LeGrand in a research note on Tuesday, June 23rd. Finally, Citigroup restated a “buy” rating on shares of LeGrand in a report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, LeGrand has a consensus rating of “Hold”.

LeGrand Trading Down 0.9%

Shares of LeGrand stock traded down $0.30 during trading on Friday, reaching $32.02. 51,011 shares of the company were exchanged, compared to its average volume of 369,429. The company has a quick ratio of 1.39, a current ratio of 1.96 and a debt-to-equity ratio of 0.81. LeGrand has a twelve month low of $25.96 and a twelve month high of $37.91. The business has a 50-day moving average price of $34.08 and a 200-day moving average price of $32.97. The firm has a market capitalization of $41.99 billion, a price-to-earnings ratio of 29.11, a P/E/G ratio of 2.53 and a beta of 0.95.

LeGrand (OTCMKTS:LGRDY) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). LeGrand had a net margin of 13.29% and a return on equity of 16.89%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.90 billion. Sell-side analysts anticipate that LeGrand will post 1.4 EPS for the current fiscal year.

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.