Legrand SA (OTCMKTS:LGRDY) Short Interest Update

Legrand SA (OTCMKTS:LGRDY) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 70,300 shares, an increase of 1,497.7% from the February 13th total of 4,400 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 209,700 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upgraded Legrand from a “strong sell” rating to a “hold” rating in a research note on Monday, February 24th.

Legrand Price Performance

LGRDY traded up $0.53 on Wednesday, hitting $22.95. 314,146 shares of the stock were exchanged, compared to its average volume of 131,510. The firm has a market capitalization of $30.30 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 5.98 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.95 and a quick ratio of 1.39. Legrand has a 12 month low of $18.94 and a 12 month high of $23.63. The business has a 50-day moving average of $20.96 and a two-hundred day moving average of $21.30.

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

Legrand Company Profile

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.