Richelieu Hardware (TSE:RCH) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Richelieu Hardware Ltd. (TSE:RCH) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$34.83 and traded as low as C$34.43. Richelieu Hardware shares last traded at C$35.50, with a volume of 450,729 shares changing hands.

Analyst Upgrades and Downgrades

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

Richelieu Hardware Trading Up 3.6%

The company has a debt-to-equity ratio of 26.37, a current ratio of 3.46 and a quick ratio of 0.72. The stock has a market cap of C$1.96 billion, a price-to-earnings ratio of 23.36, a P/E/G ratio of 0.77 and a beta of 0.81. The company’s fifty day moving average price is C$35.41 and its 200-day moving average price is C$34.83.

Richelieu Hardware Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, November 16th. Investors of record on Sunday, November 16th will be given a $0.1533 dividend. The ex-dividend date is Thursday, October 23rd. This represents a $0.61 dividend on an annualized basis and a yield of 1.7%. Richelieu Hardware’s dividend payout ratio is currently 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.