LeGrand SA (OTCMKTS:LGRDY) Short Interest Up 3,541.0% in June

LeGrand SA (OTCMKTS:LGRDY) saw a large 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. Based on an average trading volume of 954,455 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

LeGrand Stock Down 0.9%

LeGrand stock traded down $0.30 during midday trading on Friday, hitting $32.02. 51,011 shares of the company were exchanged, compared to its average volume of 369,429. The company has a market cap of $41.99 billion, a PE ratio of 29.11, a price-to-earnings-growth ratio of 2.53 and a beta of 0.95. LeGrand has a fifty-two week low of $25.96 and a fifty-two week high of $37.91. The company’s fifty day moving average price is $34.08 and its 200-day moving average price is $32.97. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.96 and a quick ratio of 1.39.

LeGrand (OTCMKTS:LGRDY) last posted its earnings results on Thursday, May 7th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.90 billion. LeGrand had a return on equity of 16.89% and a net margin of 13.29%. On average, research analysts predict that LeGrand will post 1.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.