Richelieu Hardware (TSE:RCH) Reaches New 52-Week Low – Time to Sell?

Richelieu Hardware Ltd. (TSE:RCH)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as C$33.17 and last traded at C$33.17, with a volume of 1637 shares. The stock had previously closed at C$33.42.

Analyst Ratings Changes

Separately, CIBC reduced their target price on shares of Richelieu Hardware from C$43.00 to C$42.00 in a research report on Wednesday, January 15th.

Richelieu Hardware Price Performance

The stock has a market cap of C$1.86 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94. The company has a debt-to-equity ratio of 26.37, a quick ratio of 0.72 and a current ratio of 3.46. The company has a 50-day simple moving average of C$37.59 and a two-hundred day simple moving average of C$38.44.

Richelieu Hardware Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Thursday, February 13th were issued a dividend of $0.1533 per share. This is an increase from Richelieu Hardware’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, January 30th. This represents a $0.61 annualized dividend and a dividend yield of 1.83%. Richelieu Hardware’s payout ratio is presently 37.34%.

About Richelieu Hardware

Richelieu Hardware Ltd is a Canada-based company that imports, manufactures, and distributes specialty hardware and complementary products. Headquartered in Montreal, the company operates across Canada and the eastern and midwestern regions of the United States. The majority of the company’s sales are derived from its operations in Canada.