LeGrand SA (OTCMKTS:LGRDY) Short Interest Update
by Jessica Moore · The Cerbat GemLeGrand SA (OTCMKTS:LGRDY – Get Free Report) was the target 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 company’s shares are short sold. Based on an average trading volume of 340,784 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 340,784 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.
Analysts Set New Price Targets
Several brokerages have issued reports on LGRDY. Barclays reissued an “overweight” rating on shares of LeGrand in a research note on Wednesday, December 3rd. Zacks Research lowered LeGrand from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. UBS Group raised LeGrand to a “hold” rating in a research note on Tuesday, December 16th. Kepler Capital Markets raised shares of LeGrand from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. Finally, Citigroup restated a “buy” rating on shares of LeGrand in a report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, LeGrand has an average rating of “Moderate Buy”.
Get Our Latest Research Report on LGRDY
LeGrand Stock Down 0.0%
Shares of LeGrand stock traded down $0.00 during midday trading on Friday, reaching $29.97. 23,986 shares of the company’s stock traded hands, compared to its average volume of 134,232. 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 has a 52 week low of $18.85 and a 52 week high of $34.83. The company’s 50 day simple moving average is $31.08 and its 200 day simple moving average is $30.20. The company has a market cap of $39.56 billion, a price-to-earnings ratio of 30.27, a price-to-earnings-growth ratio of 2.38 and a beta of 0.89.
LeGrand (OTCMKTS:LGRDY – Get Free Report) last posted its earnings results on Thursday, November 6th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.05). LeGrand had a return on equity of 16.05% and a net margin of 16.71%.The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.62 billion. Equities analysts expect that LeGrand will post 1.08 earnings per share 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.