Legrand SA (OTCMKTS:LGRDY) Sees Significant Drop in Short Interest

Legrand SA (OTCMKTS:LGRDY) was the recipient of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 4,400 shares, a decline of 66.9% from the January 31st total of 13,300 shares. Based on an average daily trading volume, of 202,200 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upgraded Legrand from a “strong sell” rating to a “hold” rating in a report on Monday.

Legrand Trading Down 0.5 %

Shares of Legrand stock traded down $0.12 on Friday, hitting $21.84. The stock had a trading volume of 80,135 shares, compared to its average volume of 111,532. The company has a quick ratio of 1.39, a current ratio of 1.95 and a debt-to-equity ratio of 0.68. Legrand has a one year low of $18.94 and a one year high of $23.63. The stock’s 50-day simple moving average is $20.47 and its two-hundred day simple moving average is $21.23. The stock has a market cap of $28.83 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 5.98 and a beta of 1.00.

Legrand (OTCMKTS:LGRDY) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.19 billion. Legrand had a net margin of 13.48% and a return on equity of 16.63%. As a group, sell-side analysts predict that Legrand will post 1.08 EPS for the current year.

About Legrand

Legrand SA, together with its subsidiaries, manufactures, distributes, and sells electrical and digital building infrastructures in Europe, North and Central America, and internationally. The company offers energy distribution, protection, and management solutions, such as electric vehicle charging, residential and small commercial panels, switchboards and power cabinets, and UPS devices; and wiring devices, connected home and building control solutions, and guestroom solutions, as well as back, junction, DCL, and floor boxes.