Legrand SA (OTCMKTS:LGRDY) Short Interest Up 61.3% in May

Legrand SA (OTCMKTS:LGRDY - Get Free Report) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 26,300 shares, a growth of 61.3% from the April 30th total of 16,300 shares. Based on an average trading volume of 154,900 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

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

Legrand Stock Down 0.3%

Shares of OTCMKTS:LGRDY traded down $0.07 during midday trading on Wednesday, reaching $24.37. The company had a trading volume of 107,738 shares, compared to its average volume of 136,168. The stock has a market cap of $32.17 billion, a PE ratio of 25.44, a P/E/G ratio of 5.98 and a beta of 0.80. The company has a quick ratio of 1.39, a current ratio of 1.95 and a debt-to-equity ratio of 0.68. Legrand has a 1-year low of $18.85 and a 1-year high of $24.86. The business's 50 day moving average price is $22.34 and its 200 day moving average price is $21.34.

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

Legrand Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, June 17th. Investors of record on Thursday, May 29th will be given a dividend of $0.3264 per share. This represents a dividend yield of 1.34%. The ex-dividend date is Wednesday, May 28th. Legrand's dividend payout ratio is currently 30.21%.

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.