Legrand SA (OTCMKTS:LGRDY) Short Interest Update

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

Analyst Upgrades and Downgrades

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

Legrand Stock Performance

Shares of LGRDY traded down $0.12 during trading hours on Friday, hitting $21.84. The stock had a trading volume of 80,135 shares, compared to its average volume of 111,655. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.39 and a current ratio of 1.95. The firm has a 50-day moving average price of $20.51 and a 200 day moving average price of $21.24. Legrand has a fifty-two week low of $18.94 and a fifty-two week high of $23.63. The firm has a market capitalization 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 issued its quarterly earnings results on Thursday, February 20th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The company had revenue of $2.58 billion during 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, research analysts anticipate 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.