LeGrand SA (OTCMKTS:LGRDY) Short Interest Up 220.1% in May

LeGrand SA (OTCMKTS:LGRDY) was the target of a large growth in short interest during 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 volume of 126,811 shares, the short-interest ratio is currently 0.6 days. Currently, 0.0% of the shares of the company are short sold.

LeGrand Trading Up 1.0%

Shares of OTCMKTS:LGRDY opened at $31.56 on Friday. LeGrand has a 52-week low of $24.31 and a 52-week high of $37.91. The company has a market capitalization of $41.38 billion, a P/E ratio of 28.69, a price-to-earnings-growth ratio of 1.82 and a beta of 0.96. The company has a 50-day simple moving average of $34.61 and a 200 day simple moving average of $32.52. 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 issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $2.90 billion. LeGrand had a return on equity of 16.89% and a net margin of 13.29%. Sell-side analysts forecast that LeGrand will post 1.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LGRDY has been the subject of several recent analyst reports. Citigroup reiterated a “buy” rating on shares of LeGrand in a research note on Friday, February 13th. Evercore upgraded shares of LeGrand to a “hold” rating in a research note on Monday, April 13th. Finally, Kepler Capital Markets downgraded shares of LeGrand from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

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.