Short Interest in Legrand SA (OTCMKTS:LGRDY) Drops By 53.6%

Legrand SA (OTCMKTS:LGRDY - Get Free Report) was the target of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 33,000 shares, a decline of 53.6% from the March 15th total of 71,100 shares. Based on an average trading volume of 164,500 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

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

Legrand Price Performance

OTCMKTS:LGRDY traded up $0.32 during trading hours on Friday, hitting $21.43. The company's stock had a trading volume of 50,213 shares, compared to its average volume of 143,193. The company has a market capitalization of $28.29 billion, a PE ratio of 22.37, a PEG ratio of 5.98 and a beta of 0.83. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.39 and a current ratio of 1.95. Legrand has a 52-week low of $18.85 and a 52-week high of $23.63. The business's 50-day moving average is $21.83 and its two-hundred day moving average is $21.13.

Legrand (OTCMKTS:LGRDY - Get Free Report) last announced 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. Legrand had a return on equity of 16.63% and a net margin of 13.48%. The company had revenue of $2.58 billion during the quarter, compared to analysts' expectations of $2.19 billion. As a group, research analysts anticipate 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.