Short Interest in LeGrand SA (OTCMKTS:LGRDY) Grows By 236.6%

LeGrand SA (OTCMKTS:LGRDY) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 26,147 shares, an increase of 236.6% from the April 15th total of 7,769 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 135,252 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

LGRDY has been the subject of a number of analyst reports. Kepler Capital Markets cut shares of LeGrand from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Citigroup restated a “buy” rating on shares of LeGrand in a report on Friday, February 13th. Finally, Evercore upgraded shares of LeGrand to a “hold” rating in a report on Monday, April 13th. One 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

LeGrand Trading Down 1.8%

OTCMKTS LGRDY traded down $0.66 during trading on Friday, reaching $35.45. 55,228 shares of the stock traded hands, compared to its average volume of 61,166. The firm has a market cap of $46.48 billion, a price-to-earnings ratio of 32.23, a price-to-earnings-growth ratio of 2.04 and a beta of 0.98. The stock’s 50-day moving average price is $33.56 and its 200 day moving average price is $32.21. The company has a quick ratio of 1.69, a current ratio of 2.22 and a debt-to-equity ratio of 0.78. LeGrand has a fifty-two week low of $23.99 and a fifty-two week high of $37.91.

LeGrand (OTCMKTS:LGRDY) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.90 billion. LeGrand had a net margin of 13.29% and a return on equity of 17.27%. Analysts predict that LeGrand will post 1.46 EPS for the current 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.