Richelieu Hardware (TSE:RCH) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Richelieu Hardware Ltd. (TSE:RCH)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$34.94 and traded as high as C$37.88. Richelieu Hardware shares last traded at C$37.66, with a volume of 112,667 shares.

Analyst Upgrades and Downgrades

Separately, National Bankshares dropped their target price on shares of Richelieu Hardware from C$37.50 to C$37.00 and set a “sector perform” rating for the company in a report on Thursday, June 26th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$37.50.

Richelieu Hardware Stock Performance

The firm’s 50-day moving average price is C$35.60 and its two-hundred day moving average price is C$34.94. 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 stock has a market cap of C$2.08 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 0.77 and a beta of 0.81.

Richelieu Hardware Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, November 16th. Stockholders of record on Sunday, November 16th will be given a dividend of $0.1533 per share. The ex-dividend date of this dividend is Thursday, October 23rd. This represents a $0.61 annualized dividend and a dividend yield of 1.6%. Richelieu Hardware’s payout ratio is presently 40.13%.

Richelieu Hardware Company Profile

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.