Legrand SA (OTCMKTS:LGRDY) Sees Significant Decline in Short Interest

Legrand SA (OTCMKTS:LGRDY - Get Free Report) saw a large decrease in short interest in May. As of May 31st, there was short interest totalling 10,100 shares, a decrease of 61.6% from the May 15th total of 26,300 shares. Based on an average trading volume of 314,800 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Legrand Price Performance

Legrand stock traded up $0.40 during mid-day trading on Monday, hitting $25.64. The stock had a trading volume of 99,100 shares, compared to its average volume of 131,656. The company has a current ratio of 1.95, a quick ratio of 1.39 and a debt-to-equity ratio of 0.68. Legrand has a one year low of $18.85 and a one year high of $25.95. The firm's 50 day moving average is $23.07 and its 200 day moving average is $21.62. The firm has a market capitalization of $33.85 billion, a P/E ratio of 26.76, a P/E/G ratio of 5.98 and a beta of 0.81.

Legrand (OTCMKTS:LGRDY - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). Legrand had a return on equity of 16.63% and a net margin of 13.48%. The firm had revenue of $2.59 billion during the quarter, compared to analysts' expectations of $2.26 billion. On average, sell-side analysts forecast that Legrand will post 1.08 earnings per share for the current fiscal year.

Legrand Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Thursday, May 29th will be paid a $0.3264 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a dividend yield of 1.34%. Legrand's payout ratio is currently 31.25%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upgraded shares of Legrand from a "strong sell" rating to a "hold" rating in a research note on Monday, February 24th.

Legrand Company Profile

Legrand SA, together with its subsidiaries, manufactures, distributes, and sells electrical and digital building infrastructures in Europe, North and Central America, and internationally. The company offers energy distribution, protection, and management solutions, such as electric vehicle charging, residential and small commercial panels, switchboards and power cabinets, and UPS devices; and wiring devices, connected home and building control solutions, and guestroom solutions, as well as back, junction, DCL, and floor boxes.