Legrand SA (OTCMKTS:LGRDY) Short Interest Update

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

Legrand Stock Performance

Shares of OTCMKTS:LGRDY traded down $0.45 on Thursday, hitting $22.42. The company had a trading volume of 150,996 shares, compared to its average volume of 131,294. The stock has a 50 day moving average price of $21.03 and a 200 day moving average price of $21.31. The company has a current ratio of 1.95, a quick ratio of 1.39 and a debt-to-equity ratio of 0.68. The stock has a market cap of $29.60 billion, a price-to-earnings ratio of 23.40, a P/E/G ratio of 5.98 and a beta of 1.00. Legrand has a 1-year low of $18.94 and a 1-year high of $23.63.

Legrand (OTCMKTS:LGRDY - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The firm had revenue of $2.58 billion for the quarter, compared to analysts' expectations of $2.19 billion. Legrand had a net margin of 13.48% and a return on equity of 16.63%. Analysts expect that Legrand will post 1.08 EPS for the current year.

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Analyst Ratings Changes

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 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.