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

LeGrand SA (OTCMKTS:LGRDY) was the target of a significant increase in short interest during 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. Based on an average trading volume of 135,252 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LGRDY. Citigroup reissued a “buy” rating on shares of LeGrand in a research note on Friday, February 13th. Evercore raised LeGrand to a “hold” rating in a research note on Monday, April 13th. Finally, Kepler Capital Markets cut LeGrand from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, LeGrand has a consensus rating of “Hold”.

LeGrand Trading Down 1.0%

LGRDY stock traded down $0.35 during mid-day trading on Thursday, reaching $36.06. 45,792 shares of the stock traded hands, compared to its average volume of 122,970. The business has a 50-day moving average price of $33.45 and a two-hundred day moving average price of $32.17. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.69 and a current ratio of 2.22. The stock has a market capitalization of $47.28 billion, a PE ratio of 32.78, a PEG ratio of 2.04 and a beta of 0.98. LeGrand has a one year low of $23.99 and a one year high of $37.91.

LeGrand (OTCMKTS:LGRDY) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). LeGrand had a net margin of 13.29% and a return on equity of 17.27%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Equities research analysts expect that LeGrand will post 1.46 EPS for the current year.

LeGrand Company Profile

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.