Short Interest in LeGrand SA (OTCMKTS:LGRDY) Grows By 220.1%

LeGrand SA (OTCMKTS:LGRDY) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 76,660 shares, a growth of 220.1% from the May 14th total of 23,947 shares. Based on an average daily trading volume, of 126,811 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

LGRDY has been the topic of several recent analyst reports. Citigroup restated a “buy” rating on shares of LeGrand in a research report on Friday, February 13th. Kepler Capital Markets lowered shares of LeGrand from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, Evercore upgraded shares of LeGrand to a “hold” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

LeGrand Trading Down 2.7%

OTCMKTS LGRDY traded down $0.86 during mid-day trading on Friday, reaching $30.84. 402,005 shares of the stock were exchanged, compared to its average volume of 68,470. LeGrand has a 1-year low of $24.31 and a 1-year high of $37.91. The business’s fifty day simple moving average is $34.58 and its 200 day simple moving average is $32.51. The stock has a market capitalization of $40.44 billion, a PE ratio of 28.04, a PEG ratio of 1.85 and a beta of 0.96. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.39 and a current ratio of 1.96.

LeGrand (OTCMKTS:LGRDY) last announced its earnings results on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). LeGrand had a return on equity of 16.89% and a net margin of 13.29%.The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.90 billion. On average, research analysts anticipate that LeGrand will post 1.41 earnings per share for the current fiscal year.

About LeGrand

Legrand (OTCMKTS: LGRDY) is a French multinational that designs, manufactures and distributes electrical and digital building infrastructure solutions. The company’s product portfolio spans wiring devices such as switches and outlets, cable management and trunking systems, power distribution and protection equipment, lighting control and energy management systems, as well as solutions for data centers and building automation. Its offerings are positioned for new construction and retrofit projects in residential, commercial, industrial and institutional buildings.

Legrand supplies both branded products and integrated systems to electrical contractors, distributors, installers and original equipment manufacturers.