Richelieu Hardware (TSE:RCH) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Richelieu Hardware Ltd. (TSE:RCH)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$38.92 and traded as low as C$35.18. Richelieu Hardware shares last traded at C$35.52, with a volume of 101,931 shares traded.

Wall Street Analysts Forecast Growth

RCH has been the subject of a number of recent analyst reports. Canadian Imperial Bank of Commerce lowered their price objective on Richelieu Hardware from C$42.00 to C$39.00 in a research note on Monday, July 13th. National Bank Financial reduced their target price on Richelieu Hardware from C$41.00 to C$38.00 and set a “sector perform” rating for the company in a research note on Monday, July 13th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$38.50.

Richelieu Hardware Stock Down 0.9%

The firm has a market cap of C$1.92 billion, a P/E ratio of 22.27, a PEG ratio of 0.77 and a beta of 0.95. The firm’s 50-day moving average price is C$35.95 and its 200 day moving average price is C$38.78. The company has a debt-to-equity ratio of 31.32, a current ratio of 3.04 and a quick ratio of 0.71.

Richelieu Hardware (TSE:RCH) last announced its quarterly earnings data on Thursday, July 9th. The company reported C$0.42 earnings per share (EPS) for the quarter. The firm had revenue of C$532.05 million for the quarter. Richelieu Hardware had a return on equity of 9.04% and a net margin of 4.34%.

Richelieu Hardware Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, August 7th were paid a dividend of $0.1566 per share. The ex-dividend date was Thursday, July 23rd. This represents a $0.63 annualized dividend and a yield of 1.8%. Richelieu Hardware’s dividend payout ratio (DPR) is 39.48%.

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. Richelieu’s products include furniture, glass, decorative, window, and door hardware, lighting systems, and kitchen and closet storage. The firm primarily serves home furnishing manufacturers, residential and commercial woodworkers, hardware retailers, and renovation superstores.