Richelieu Hardware (TSE:RCH) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Richelieu Hardware Ltd. (TSE:RCH) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$35.09 and traded as high as C$38.41. Richelieu Hardware shares last traded at C$38.18, with a volume of 91,438 shares changing hands.

Analysts Set New Price Targets

Separately, National Bankshares upped their price objective on shares of Richelieu Hardware from C$35.00 to C$40.50 and gave the company a “sector perform” rating in a report on Tuesday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Richelieu Hardware has an average rating of “Hold” and an average price target of C$39.25.

Richelieu Hardware Stock Up 0.1%

The firm’s fifty day moving average price is C$35.83 and its two-hundred day moving average price is C$35.09. The stock has a market cap of C$2.11 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 0.77 and a beta of 0.81. The company has a debt-to-equity ratio of 26.37, a current ratio of 3.46 and a quick ratio of 0.72.

Richelieu Hardware Announces Dividend

The firm also recently announced 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%.

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.