Richelieu Hardware (TSE:RCH) Shares Cross Above 200 Day Moving Average - What's Next?

Richelieu Hardware Ltd. (TSE:RCH - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$35.98 and traded as high as C$36.86. Richelieu Hardware shares last traded at C$36.38, with a volume of 25,678 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on RCH shares. CIBC increased their price objective on shares of Richelieu Hardware from C$32.00 to C$38.00 in a research report on Monday, April 14th. National Bankshares dropped their price objective on shares of Richelieu Hardware from C$37.50 to C$37.00 and set a "sector perform" rating for the company in a research report on Thursday, June 26th.

Richelieu Hardware Stock Performance

The stock's fifty day moving average is C$34.65 and its two-hundred day moving average is C$35.94. The firm has a market capitalization of C$2.06 billion, a price-to-earnings ratio of 23.10, 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.

Richelieu Hardware Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 8th. Investors of record on Thursday, May 8th were issued a dividend of $0.1533 per share. This represents a $0.61 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Thursday, April 24th. Richelieu Hardware's payout ratio is 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.