LeGrand SA (OTCMKTS:LGRDY) Short Interest Update

LeGrand SA (OTCMKTS:LGRDY) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 91,982 shares, a growth of 987.4% from the August 15th total of 8,459 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 181,465 shares, the short-interest ratio is currently 0.5 days.

LeGrand Stock Up 1.6%

Shares of LeGrand stock traded up $0.51 during trading on Friday, reaching $32.80. The company had a trading volume of 10,051 shares, compared to its average volume of 151,950. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.12 and a current ratio of 1.58. LeGrand has a fifty-two week low of $28.73 and a fifty-two week high of $37.91. The firm’s fifty day moving average is $31.70 and its 200-day moving average is $33.03. The company has a market cap of $43.00 billion, a price-to-earnings ratio of 28.27, a price-to-earnings-growth ratio of 1.80 and a beta of 0.96.

LeGrand (OTCMKTS:LGRDY) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). LeGrand had a return on equity of 17.74% and a net margin of 13.01%.The firm had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.18 billion. On average, analysts anticipate that LeGrand will post 1.41 EPS for the current year.

Analysts Set New Price Targets

LGRDY has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded LeGrand from a “hold” rating to a “buy” rating in a research note on Wednesday, September 2nd. Citigroup restated a “buy” rating on shares of LeGrand in a report on Thursday, June 18th. Zacks Research raised LeGrand from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 5th. Morgan Stanley reiterated an “overweight” rating on shares of LeGrand in a research note on Friday, August 28th. Finally, Royal Bank Of Canada raised shares of LeGrand from a “sector perform” rating to an “outperform” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, LeGrand presently has a consensus rating of “Moderate Buy”.

About LeGrand

Legrand SA is a France-based specialist in electrical and digital building infrastructure. The company develops, manufactures and markets equipment used to distribute, control, protect and manage electricity and data in residential, commercial, industrial and infrastructure environments.

Its product portfolio includes wiring devices such as switches and sockets, electrical protection and distribution systems, cable management solutions, connected-home and building-automation products, and systems for data centers and other digital infrastructure applications.