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

Key Points

• Richelieu Hardware shares recently surpassed their 200-day moving average, trading at C$37.50, indicating a positive trend in investor sentiment.
• National Bankshares has lowered their price target for Richelieu Hardware from C$37.50 to C$37.00, maintaining a "sector perform" rating.
• The company has announced a quarterly dividend of $0.1533, reflecting an annualized yield of 1.6% and a payout ratio of 37.34%.

Richelieu Hardware Ltd. (TSE:RCH - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$35.01 and traded as high as C$37.63. Richelieu Hardware shares last traded at C$37.50, with a volume of 96,345 shares trading hands.

Wall Street Analyst Weigh In

Separately, National Bankshares reduced their price objective on 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 stock currently has a consensus rating of "Hold" and an average target price of C$37.50.

Richelieu Hardware Stock Performance

The firm has a market cap of C$2.06 billion, a PE ratio of 23.04, a P/E/G ratio of 0.77 and a beta of 0.94. 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 50-day moving average price of C$35.68 and a 200 day moving average price of C$34.95.

Richelieu Hardware Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 7th. Stockholders of record on Thursday, August 7th were given a $0.1533 dividend. The ex-dividend date of this dividend was Thursday, July 24th. This represents a $0.61 annualized dividend and a dividend yield of 1.7%. Richelieu Hardware's dividend payout ratio is presently 37.34%.

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.