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

LeGrand SA (OTCMKTS:LGRDY) was the recipient of a large increase in short interest in 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. Based on an average daily trading volume, of 135,252 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

LGRDY has been the topic of a number of recent research reports. Citigroup reaffirmed a “buy” rating on shares of LeGrand in a research note on Friday, February 13th. Kepler Capital Markets downgraded shares of LeGrand from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Evercore upgraded LeGrand to a “hold” rating in a 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

LeGrand Stock Performance

Shares of OTCMKTS LGRDY traded down $0.35 during trading hours on Thursday, hitting $36.06. 45,792 shares of the stock were exchanged, compared to its average volume of 122,970. LeGrand has a one year low of $23.99 and a one year high of $37.91. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.22 and a quick ratio of 1.69. The company’s 50 day moving average is $33.45 and its 200 day moving average is $32.17. The firm has a market capitalization of $47.28 billion, a P/E ratio of 32.78, a P/E/G ratio of 2.04 and a beta of 0.98.

LeGrand (OTCMKTS:LGRDY) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) 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 the consensus estimate of $2.90 billion. LeGrand had a return on equity of 17.27% and a net margin of 13.29%. On average, research analysts expect 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.